Samsung remains leader of the global smartphone production in Q3, 2020: Report

Samsung retains the top spot in the global ranking of smartphone brands by production in Q3, 2020. While its biggest rival, Apple managed to get the fourth position along with Huawei, says a market researcher.

According to the data compiled by TrendForce, the Korean firm tops the market with the production of 78 million units in the third quarter of 2020, which is almost 42% QoQ (Quarter on Quarter) increase. The company took a market share of 23.2% among all the smartphone makers globally.

Meanwhile, four spots among the top six smartphone vendors were reserved by the Chinese phone makers. Oppo surprisingly managed to the second position with 13.4% market share, followed by Xiaomi at the third spot with 13.2, very much close to Oppo.

Read More: Gartner: Samsung leads the global smartphone market in the third quarter of 2020

Apple and Huawei shared the same spot of number four with a 12.5 market share each and last but not least, Vivo was ranked at number 6 with an 8.9% share.

TrendForce claims that the Global smartphone production for Samsung will fall to around 62 million units due to the end of the holiday stock-up activities in Europe and North America and the competition from new iPhones.

The research firm also expects the global smartphone production to reach 1.25 billion units, recording a YoY (Year On Year) decline of 11%, and also the global production of 2021 to increase by 9% YoY to 1.36 billion units.

Looking at the current trend, the phone makers are currently focusing on 5G this year that will be continued to 2021. As the suppliers of the smartphone SoCs expand their 5G network for the mid-range and budget devices, the global market share is estimated to grow from 20% this year to 40% next year.