The latest quarterly report from Strategy Analytics is out and it gives a touch bit more insight on how the market moved this year and what to expect within the next year approximately . The key point is that the market is recovering faster than expected recently, so rather than the previously forecasted 15.6% decline in global smartphone sales, the market will suffer around 11% decline instead. The US, European and Indian markets are the main dependent factors.
Amidst the declining smartphone sales, Samsung once more stands out with solid smartphone sales before the pack. it's projected that the corporate will pack up the year with a complete of 265.5 million smartphone shipments taking 21% market share, followed by Huawei with 192.7 million sales surpassing Apple by just a touch , which successively will sell 190.1 million units and take 15.3% of the market.
A steep decline in 2021 is predicted for Huawei going as low as 59 million units with Apple and Samsung stepping up their game. Still, the 2019 global market sales of 1.41 billion units in total are going to be matched within the rather distant 2022, mainly thanks to strong 5G and foldable smartphone market growth.
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