Samsung overtakes Apple in smartphone shipments as Xiaomi shuts down by Reuters

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4/4 © Reuters. FILE PHOTO: Apple‘s iPhone 12 and iPhone 11 5G seen in an Apple Store in Shanghai 2/4

By Aakriti Bhalla and Subrat Patnaik (Reuters) – Samsung Electronics (OTC 🙂 Co Ltd regained its crown as the world’s largest smartphone maker from Apple (NASDAQ 🙂 in the first quarter, grabbing a fifth of total global shipments . China’s Xiaomi (OTC 🙂 Corp rounded out the top three positions with its best quarterly performance, as shipments jumped 62% to 49 million phones and its market share increased to 14%, the market research firm said. Canalys. Overall, global shipments rose 27% to 347 million units in the first quarter as the Chinese economy opened up after the pandemic and a rapid launch of vaccines in the United States raised hopes for an economic recovery. South Korea’s Samsung (KS 🙂 shipped 76.5 million smartphones in the quarter to gain a 22% share of the market, Canalys said. The company reported a 66% increase in quarterly profit in its mobile business on Thursday, thanks to strong sales of its flagship Galaxy S21 series of smartphones. Canalys said Apple shipped 52.4 million iPhones in the January-March period, falling to second place with a 15% market share. Apple still had record market share in the United States, China, India and Japan, Counterpoint analyst Varun Mishra said, adding that the iPhone Pro Max was one of the best-sellers in the United States. Smartphone sales increased over the last year as people stayed and worked from home. But the shopping frenzy has fueled a global semiconductor chip shortage that has hit industries like auto and large appliances. “The supply of critical components, such as chipsets, has quickly become a major concern and will hamper smartphone shipments in the coming quarters,” said Canalys analyst Ben Stanton. Apple said Wednesday that the chip shortage could cost the company $ 3-4 billion in revenue in the April-June quarter, hitting mostly iPads and Macbooks. Smartphone shipments for the March quarter for China’s Oppo and Vivo brands also increased, Canalys said. But Huawei, the former number one still shackled by US sanctions, ranked only seventh after selling its Honor brand last year. Graphic: Samsung Regains Apple’s Smartphone Crown – https://graphics.reuters.com/GLOBAL-SMARTPHONES/xklpyywrlpg/chart.png

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