May 31, 6:59 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Corazon Victorino 04/24/18 AT 9:33 AM For the second consecutive quarter, Samsung Electronics has failed to secure the top spot in India’s smartphone market. The South Korean giant lost the spot to Chinese company Xiaomi Inc. Yonhap reported Tuesday that Samsung has once again been outranked by Xiaomi in the Indian smartphone market in terms of shares in the January-March period. This is already the second time for Xiaomi to perform better than Samsung in the biggest market outside of China. In the October-December period of 2017, Xiaomi reportedly accounted for 27 percent of the Indian market, while Samsung trailed behind with 25 percent. In the first quarter of 2018, the gap between the two companies widened. According to the data compiled by industry tracker Canalys, Xiaomi has obtained 31 percent of the Indian smartphone market in the … [Read more...] about Samsung Outranked By Xiaomi In Indian Smartphone Market
Smartphone market 2017
April 11, 2018 - Written By Dominik Bosnjak Samsung’s share of the Chinese smartphone market fell below one percentage point as of the fourth quarter of 2017, according to data compiled by research firm Strategy Analytics. The South Korean tech giant has been witnessing its business dwindling down in China in recent years, with its current performance in the Far Eastern country not being comparable to the period from 2011 to 2013 when the firm was the largest smartphone vendor in the country by both shipments and sales. According to the latest data, the company currently holds only 0.8-percent of the local market and is the twelveth largest original equipment manufacturer in the country.Strategy Analytics previously predicted that Samsung’s market share in China will drop to 1.6-percent over the final three months of 2017, with the new findings hence showing a figure that’s twice as worse than originally expected. The Seoul-based company has been trying to … [Read more...] about Samsung Falls Below 1% Smartphone Market Share In China
After tasting success in emerging markets like India and Southeast Asia and expanding into western Europe, Chinese smartphone maker Xiaomi is all set to enter the US market as early as this year, the Wall Street Journal reported. "We've always been considering entering the US market," Xiaomi Chairman Lei Jun was quoted as saying. "We plan to start entering the market by end 2018, or by early 2019," he added. Xiaomi has grown exponentially in India, which recently overtook the US to become the world's second largest smartphone market after China. According to the International Data Corporation (IDC), Xiaomi shared the top slot with South Korea's Samsung in India, with a market share of 23.5 per cent, in the third quarter of 2017. In the fourth quarter, Xiaomi emerged a clear leader with 26.8 per cent market share, with Samsung second at 24.2 per cent market share. For the entire year, however, Samsung, with 24.7 per cent share, was the leader and Xiaomi with 20.9 per cent stood second. … [Read more...] about Xiaomi to foray into US smartphone market this year
One report alleged that LG left China’s smartphone market. Another report said LG reorganized its Chinese mobile division. Regardless, it seems that LG’s smartphones are not selling well in China. LG‘s mobile division continues to bleed money, but is the situation so dire that the company bowed out of China, one of the largest smartphone markets in the world? The answer according to one China Business reporter, is yes.The reporter is said to have visited LG’s Beijing offices and received such information from a company representative. When pressed for further info, the representative cited an increase in competition from local brands. Even though China’s smartphone market took a bit of a step back in 2017, competition in the region remains fierce. Huawei retained the top spot last year, while Oppo and Vivo remained in second and third, respectively. Apple pushed Xiaomi out of the fourth spot, though the latter held on to the fifth … [Read more...] about Is LG pulling out of China’s smartphone market?
By Roger Fingas Monday, March 05, 2018, 06:07 am PT (09:07 am ET) Xiaomi is aiming to enter the U.S. smartphone market by the end of 2018, or early 2019 at the latest, the Chinese company's chairman said on Monday, speaking on the sidelines of China's yearly legislative session in Beijing. "We've always been considering entering the U.S. market," Lei Jun told the Wall Street Journal. "We plan to start entering the market by end 2018, or by early 2019." It will still need a local carrier to sell its phones and establish traction, which could be a serious obstacle. While another Chinese firm, ZTE, ranked as the fourth-biggest smartphone vendor in the U.S. in 2017, both it and Huawei have received pushback from the U.S. government due to national security concerns. Huawei in fact lost a deal with AT&T to sell its latest Android flagship, the Mate 10 Pro. Xiaomi isn't as big in the phone world as some of its Chinese competitors, but still outsells Apple's iPhone in China, and … [Read more...] about Apple rival Xiaomi could enter US smartphone market later in 2018