Samsung achieved the highest smartphone market share in five years

It is very surprising to see that global smartphone market shares are declining while Samsung is touching new heights in such opposite conditions, where the global share has fallen down to near about 10.9 percent YoY, and 14.1 percent Q-o-Q respectively.

Samsung has topped the smartphone market all over the world with a 24% of healthy share in Q1 2022. This is Samsungs highest and stacking performance over the past five years.

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Apple has come in second place with 18% of the share. OnePlus, Xiaomi, Oppo, and Vivo are included in the specific top five list. Though the Smartphone sales volume has seen a sharp decline of 314 million units just in the first quarter of Q1 2022. Samsung’s performance is truly commendable and outstanding.

The other unfavorable economic conditions and geopolitical issues have weakened consumer demand. Samsung is the highest performing vendor in the market share since 2017. This might be all due to the strong and rising demand for the new flagship Samsung Galaxy S22 series. Currently, Samsung’s A-series smartphones have also ramped up its profits in multiple markets.

On the other hand, its satisfactory quarter for Apple smartphones, which have shipped 57 million iPhones worldwide, has up to 1% of year-on-year increment with an overall 18 percent market share. This might be due to iPhone 13 smartphone sales, specifically iPhone SE 2022.

Xiaomi has shipped 39 million smartphones and has captured 12 percent of the market share in Q1 2022. Though Xiaomi has suffered geopolitical uncertainties in Europe. The Chinese and Indian market has created a mixed bag of profits for the company.

Vivo was at 8% in global smartphone market share, While Oppo and Vivo have lost their ground due to 5G competition with Honor and other competitors in Latin America but have intensified sales on the home ground.

All the other companies have settled down with a total of 313.5 million smartphone shipments. The most common thing that we have analyzed while looking at the report is that each and every company has seen a sharp YoY decline of a minimum of 2% to 31% segment-wise.