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Samsung To Rank No.2 In 5G Smartphones Sales Next Year: Report

Samsung ranked No.4 in 5G smartphone markets behind Apple and Chinese firms in Q1 this year.

SEOUL, South Korea — Samsung will take second place in the 5G smartphone markets next year, despite ranking fourth in the 5G smartphone markets behind Apple and Chinese companies in the first quarter of this year, according to market research company Strategy Analytics.

According to Strategy Analytics’s report on the 22nd, Samsung Electronics sold 17 million units of (12.5 percent) 5G smartphones in the first quarter of this year and was ranked only No.4 behind Apple and Chinese companies.

Apple achieved the top spot with a 29.8 percent market share as its 5G iPhone released in the last year continued to be sold, while Chinese electronics brand OPPO (15.8 percent) and Vivo (14.3 percent) ranked second and third, respectively.

Xiaomi, which was ranked No.4 in the fourth quarter of last year, ranked 5th (12.2 percent) this year following Samsung with a narrow gap.

Strategy Analytics predicted that Samsung Electronics will overtake Chinese companies next year and be at the high ranks with strong sales.

However, it is predicted that Samsung will continue to lag behind Apple and other Chinese companies for the time being.

“Samsung Electronics will have a 13 percent share in global 5G Smartphone markets this year and 14 percent share in next year as it has high sales volume in Asia, North America, and Western Europe,” Strategy Analytics predicted on the report.

“However, it will be strong competition with OPPO, Vivo, and Xiaomi which have increased sales volume in Western Europe as well as China.”

Apple is predicted to retain the No.1 position with its 31 percent share this year and 27 percent share next year as it will release a new 5G lineup this fall. Apple introduced iPhone 12 Pro and iPhone 12 Pro Max with 5G in October 2020.

The combined market share of OPPO, Vivo, and Xiaomi is predicted at 39 percent this year and 34 percent next year.

“As Chinese 5G smartphone growth becomes slow down, Xiaomi’s growth rate will lag from 2022,” Strategy Analytics reported.

“Samsung Electronics will increase its market share in 5G smartphone markets, and surpass Chinese companies as supply of 5G network spreads in the second half of this year and next year.”

Strategy Analytics also predicted that total global 5G smartphone sales will be 620 million units this year and 870 million units next year.

(With inputs from ANI)

(Edited by Abinaya Vijayaraghavan and Amrita Das)

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