According to a recent Canalys report, Korean smartphone maker Samsung has overtaken Apple as the world's largest smartphone maker. The company now accounts for one-fifth of global sales in the first quarter of this year. Samsung shipped 76% of its smartphones in the first quarter, with a market share of 22%. Due to the strong sales of its latest flagship Galaxy S21 series, its smartphone business indicates an extraordinary 66% increase in quarterly profit.
In comparison, Apple shipped 52.4 million iPhones with a total of 15%. The company also saw strong sales in China due to the positive reception of its 5G capable iPhone 12 lineup.
In addition, other smartphone OEMs such as the Chinese brand Xiaomi have also recorded their best quarterly performance so far. Xumi's shipments rose 62 percent to 49 million units. The company now has a 14% market share.
So now that Samsung is in the lead, Apple and Xiaomi have overtaken the top three. As far as overall smartphone sales are concerned, their growth rate has increased by 27% during this period, reaching 347 million units in shipments. Although the market has performed well in Q1 2021, this momentum is expected to slow down gradually in the coming quarters as the supply of "key ingredients, such as chipstick," has soon become a major concern.
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