News
Samsung slips to third in Indian smartphone market, Vivo takes lead in Q3 2024
Chinese smartphone makers are doing a commendable job in India. Vivo has taken a leak in the Indian smartphone market in Q3, 2024, surpassing Xiaomi and Samsung to become the largest vendor for the first time reports Canalys.
In Q3 2024, Vivo sold 9.1 million phones, securing a 19% share in the Indian smartphone market. The company recorded an annual growth of 26%, which helped it surpass Samsung and Xiaomi to become the market leader.
Xiaomi shipped 7.8 million units of smartphones during the same period. The company had a market share of 17%, which grew by 3% YoY.
Samsung slipped to third spot, with shipments recorded at 7.5 million units and 16% market share. The company’s sales declined 4% compared to the last year.
Oppo grew 43% year-on-year, with shipments reaching 6.3 million units in Q3 for a 13% market share. Shipments by all other brands were 11.1 million for the remaining 23% market share.
The Indian smartphone market grew 9% in Q3 2024, shipping 47.1 million units. Chinese vendor Vivo claimed the pole position for the first time amid an aggressive push across channels, capturing a 19% market share.
It seems Samsung has already started preparing to heat the smartphone market battle next year. The recent render leak of Galaxy A36 5G suggests that the company is also focussing on mid-range models to maintain dominance.
Recently, Canalys reported that Samsung and Apple had neck-and-neck in the 3Q24 global market. Both companies secured an 18% market share in Q3 2024. Xiaomi ranked third with a 14% market share in the same period.
Samsung halted chip equipment delivery from ASML for the Texas USA factory Reuters reports. The company is struggling from a broader slowdown in its contract chip manufacturing, leading it to reconsider equipment deliveries.
The semiconductor production business is dominated by Taiwan’s TSMC. Samsung has postponed Texas chip equipment delivery from ASML due to a lack of major customers for the project. Delay in US CHIPS subsidy is also hurting Samsung’s project.
Samsung Foundry’s 3nm process seemingly failed to achieve a production-level yield rate. Other process nodes are also affected, with the Foundry division entering in crisis as no major production client is left for business expansion.
The report states that Samsung’s move to halt shipment covers advanced extreme ultraviolet (EUV) lithography machines. This is a crucial machinery in a semiconductor factory that is essential for producing cutting-edge chips.
Samsung has been facing multi-front challenges in its Texas plant. While subsidies are delayed, the construction rate continues to rise. The company has also faced a legal hurdle, with an employee injured during construction work.
The Korean tech giant planned to commence mass production this year. However, the new deadline to complete construction and kickstart production is pushed to 2026. The lack of major clients will further delay the mass production at Texas Fab.
Samsung Elec’s Future Business Planning Division is looking into how Japan’s Sony and Hitachi have successfully revived their growth in recent years after falling behind South Korean companies in the 1990s, Nikkei reports.
It is being reported that Samsung has not changed its business model centered on semiconductors, smartphones, home appliances, and displays for over a decade. As a result, all four sectors are losing competitiveness to Chinese companies.
The current crisis in Samsung’s mobile and semiconductor businesses has prompted it to revisit the management philosophy of its late chairman, Lee Kun-hee.
Project “Fall and Rise of Japan’s Electrical Industry”
Samsung Elec’s evaluation project includes in-depth research into how Sony shifted its core business from electronics to digital cameras and content, such as games, music, and movies.
Under the supervision of Chairman Lee, the company is also studying Hitachi, which has transformed itself from a manufacturer of machinery and railroad vehicles into a tech company.
- Both companies restructured their business models after facing crises in the 2000s.
Samsung is also analyzing the strategies of Japanese industrial conglomerates such as Mitsubishi. These companies thrived as trade brokers until the 1990s and successfully transitioned to resource development in the early 2000s.
“We are reviewing over 100 cases globally, not limited to Japan,” a Samsung representative said.
The research also includes Silicon Valley companies such as Google and Amazon, which have been continuously evolving in response to the rapidly changing business landscape in the era of artificial intelligence (AI).
Samsung is partnering with Sapphire to power smart homes through SmartThings in the US. The company officially announced its collaboration with Sapphire Connected Communities.
The collaboration with Samsung will allow Sapphire to offer apartment residents a familiar and feature-rich experience through the SmartThings app.
The upgraded platform will also ensure the delivery of an integrated management solution for property managers that improves operating efficiency across an entire portfolio of properties.
“Together, SmartThings and Sapphire will redefine the apartment living experience,” said Mark Benson, Head of SmartThings US.
Sapphire Connected Communities is an enterprise software company that has built the first multifamily smart apartment solution on the SmartThings Pro B2B development platform.
Sapphire is the first Multifamily Residential solution to leverage Samsung’s SmartThings Pro. It enables the platform to offer multifamily customers a standards-based, integrated solution.
The company vows to provide a platform that not only enhances the resident experience but is more cost-effective, providing users with a return on their investment in tech they will use daily.
“Our partnership with SmartThings represents a significant milestone in delivering a cost-effective, reliable smart apartment solution,” said Eric DeJesus, Director of Operations at Sapphire.