Business
Samsung ranks fourth on Forbes list of world’s largest tech companies
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.
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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).
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Business
Samsung leads Q3 smartphone market, Huawei’s entry haunts Apple
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”.
// Source
Business
Underdog phone brand jumped 50%, Samsung and Apple lost ground
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.
Business
Samsung enjoyed 2023’s last victory over Apple?
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.