Connect with us

Business

Samsung achieved the highest smartphone market share in five years

Published

on

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.

DOWNLOAD SAMMY FANS APP

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.Samsung Galaxy S22 Ultra

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.

Get notified –

Aside from SammyFans’ official Twitter and Facebook page, you can also join our Telegram channel, follow us on Instagram and subscribe to our YouTube channel to get notified of every latest development in Samsung and One UI ecosystem. Also, you can follow us on Google News for regular updates. 

Business

Samsung profit drops 31% in third quarter 2022 [Official]

Published

on

Samsung US patents Fujifilm

Today, Samsung officially published the earning report for the third quarter of 2022, confirming a huge 31% profit drop. The company also said that geopolitical uncertainties are probably reducing demand until early 2023 as the global economic downturn reduced need for electronic devices.

Despite the headwinds in global economy, demand for its semiconductors may recover in late 2023 as new data centres and computers require more memory. However, Samsung denied any change to its 2023 memory chip investment plans to take an edge against rivals such as SK Hynix.

Follow Sammy Fans on Google News

Han Jin-man, executive VP of memory business at Samsung said:

“We are not considering an artificial production cut.: She added, “Market demand has contracted right now, but … we need to prepare for mid- to long-term demand recovery.”

Samsung Q3 2022 profit

Talking about mobile business, the Korean tech giant revealed that its mobile business fell slightly to 3.24 trillion won from 3.36 trillion won last year due to a slightly low demand for high-end smartphones and newly released wearable devices.

Compared to this year, the South Korean company forecast 2023’s mobile demand could recover slightly as it planned to focus on its flagship and foldable smartphones lineup. As the Galaxy S23 series launching earlier next year, followed by foldable in 2nd half, the recovery is highly expected.

In the next quarter, Samsung forecast increased market demand for smartphones and wearables from the previous quarter due to year-end seasonality despite ongoing geopolitical issues and macroeconomic instability. The company aims to maintain strong sales of Z4 series foldable and S22 series smartphones.

You can read the full earnings report at Samsung Newsroom

Meanwhile, Samsung officially announced the appointment of Jay Y. Lee as Executive Chairman of Samsung Electronics. By appointing Jay Y. Lee as Executive Chairman, Samsung showed that the Korean tech giant will be officially run by the third generation of its founding family.

Continue Reading

Business

Samsung sees 1 million shipments drop in India: Canalys Q3 2022 Report

Published

on

Samsung password

During the festive season, Samsung was the most beloved smartphone vendor in India. Meanwhile, a recent Canalys market research report suggests Samsung sees 1 million shipments drop in India in the third quarter of this year, compared to the same period last year.

According to Canalys researchers, Samsung sold 8.1 million smartphones in Q3 2022, while the shipment figures were 9.1 million in the same period last year. Due to this 1 million less smartphone shipments, Samsung India recorded an 11% drop compared to Q3 2021.

Follow Sammy Fans on Google News

The South Korean tech giant remained the 2nd largest smartphone vendor with 18% of the total market share. In the third quarter of 2021, the company grabbed a 19% market share with 9.1 million smartphone units shipment in India.

Join Sammy Fans on Telegram

Samsung Canalys Q3 2022 Report India

Xiaomi, on the other hand, was the king in the Indian smartphone market in the third quarter, but it had also seen a huge 18% drop compared to last year, while shipments slipped to 9.2 million units from 11.2 million. The Chinese company secured 21% market share in India in Q3 2022.

Apart from Xiaomi and Samsung, Vivo was the third smartphone vendor with a 16% market share, followed by OPPO and Realme ranked fourth and fifth with 16% and 14% market shares, respectively. To be noted, Xiaomi includes sales of Poco, Vivo includes iQOO, and Oppo includes OnePlus.

Samsung quarterly profit fall 25%

| Source |

Continue Reading

Business

Samsung ranks fourth on Forbes list of world’s largest tech companies

Published

on

Samsung US patents Fujifilm

Despite high sales costing trillions of dollars in market value, the world’s largest technology companies remain strong against the stringencies of Wall Street — many of which collect revenue and profits as their dominance begins to decline.

After looking for a record of 177 locations on the list by 2021, the number of technology companies reaching Global 2000, Forbes’ annual average of the world’s largest companies, dropped to 164 this year (2022), but the overall decline did not prevent total sales. The firms have set a record $4 trillion in gross annual revenue over the past 12 months, up from about $3.3 trillion last year — even a few firms.

DOWNLOAD SAMMY FANS APP

According to a recent report, Samsung Electronics‘ ranking on Forbes’ list of the world’s largest technology companies dropped two notes from second in 2021 to fourth in 2022.

World’s Largest Tech Companies ln 2022

Samsung Electronics’ sales increased to US$244.2 billion from US$200.7 billion last year, but its market value declined by US$143.2 billion to US$367.3 billion, according to US Business Magazine.

Apple also took the top spot and its market capitalization reached US$2.6 trillion, up from US$300 billion last year from $2.3 trillion. In this list, Google’s parent company Alphabet is in second place.

The sales of Alphabet sales reached US $257.5 billion, an increase of US $75.1 billion from the previous year (US $182.4 billion). At the same time, its market capitalization also increased from US $ 1.5 trillion to US $1.6 trillion.

Likewise, Microsoft (US $2.1 trillion) took the third spot, while Tencent (US $414.3 billion) remained in the top five. Meta Platforms (the US $499.9 billion) took the sixth spot, followed by Intel (US $190.3 billion), TSMC (the US $494.6 billion), Cisco Systems (US$213.4 billion), and IBM (US$124.3 billion).

Get notified –

Aside from SammyFans’ official Twitter and Facebook page, you can also join our Telegram channel, follow us on Instagram and subscribe to our YouTube channel to get notified of every latest development in Samsung and One UI ecosystem. Also, you can follow us on Google News for regular updates. 

Continue Reading