Business
Samsung continues to get foldable phone hinges from KH Vatec
Samsung always tries to continue to preserve and safeguard its business relations. It has recently been in news to continue procuring the foldable phone hinges from the South Korean vendor ‘KH Vatec’, and other players in the league.
We know ‘KH Vatec’ is the foldable phone hinges supplier for Galaxy Foldables since 2019 and supplies these foldable display hinges. ‘TheElec’ reported that to maintain the stock Samsung has also joined hands with S-connect, which will be its secondary supplier for him.
Samsung Said the new supplier has promised to provide more volume of supply than the previous ongoing partnership. Another vendor such as AUFlex could be included in a supplier list, but that is not fortunate to happen said ‘TheElec’.
‘AUFlex’ is currently a Samsung Display supplier, and will also need to supply hinges to its volume partners, the Chinese smartphone manufacturing companies. If Samsung is aiming to ship 13 million units as it has disclosed earlier and if aims to increase efficiency to reach the shipment of above 80%.Then it will surely need to join hands with other players in the market.
To maintain an adequate amount of supply for its finished products such as Galaxy Z Fold 3 and Galaxy Z Flip, which have reached 7.1 million units in the last three years. According to us Samsung will continue its present partnership and will also join hands with new but existing players in the market to maintain the extended stock. We will put more light on this in the coming days till then keep reading and keep boasting yourself.
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
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In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
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The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.