Smartphone market is showing signs of saturation. Apple and Samsung now dominate the market, shipping millions of smartphone units every quarter. In the first quarter of the year, Apple posted a revenue of $88.3 billion, a 13% rise compared to the same period in 2017. Samsung, on the other hand, reported an operating profit of $14.15 billion, a 3.2 percent drop in profits.
According to some reports, global smartphone shipments saw a 2 percent drop in the first quarter of the year, with more than 340 million units sold. A report claims that Samsung continues to be the number one smartphone maker out there, with 78.2 million units shipped. Apple finished second, reporting a 3% rise in iPhone shipments with 52.2 million units.
The Cupertino company held 15 percent market share in the first three months of the year. Apple saw a drop in iPhone sales last year, but it tended to grow this year. Apple iPhone X sales fail to satisfy Apple, mainly due to high price tag. Some recent rumors claim that Apple will cease production of iPhone X, instead focusing on new iPhone models this year.
According to tech experts, the reason behind a drop in smartphone market lies in lack of innovative products and hardware. The recently-launched Galaxy S9 and S9 Plus fails to satisfy users due to their old design. The launch of iPhone models this year may boost the smartphone sales this year, thanks to its exciting features and changes.
Some reports say that the Chinese smartphone makers like Huawei and Xiaomi are now dominating the emerging markets, with millions of units sold. Huawei is now the world’s third largest smartphone maker, shipping 39.3 million units in the first quarter of the year. Huawei-branded phones have started to gain popularity among US users, thanks to their crazy specs and affordable price tags.
Xiaomi shipped more than 28 million units in the first quarter, making it one of the biggest smartphone makers. The Chinese firm is now preparing for its move into the US market. Tech experts say that Xiaomi will have its own ground in the US, thanks to its high-quality products with cheaper price tag.
Tech experts say that the release of the Samsung Galaxy Note 9 will give users more options in the premium segment this year. Besides, the Note 9 may help boost the market. Samsung expects to ship 4 million Note 9 units during this year’s shopping holiday season.
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