Yong Jun Yeo

Global Economic News

SOUTH KOREAN electronics giant Samsung Electronics’ smartphone shipments ranked first in the world in the second quarter of this year, following the first quarter.

According to the global market research firm Counterpoint, Samsung Electronics recorded 18 percent of total global smartphone shipments in the second quarter, maintaining its No.1 position in the world.

However, Samsung Electronics’ shipments in the second quarter slightly decreased from the previous quarter of 21.7 percent. Samsung Electronics shipped 57.9 million units in the second quarter.

Chinese phone manufacturer Xiaomi Inc. came in second and recorded the highest performance in China, Southeast Asia, and Europe.

Xiaomi has increased its smartphone shipments in the Indian market, which has been hit by the COVID-19 outbreak, with its premium strategy and low-priced line sales. In particular, Xiaomi’s share of mid-priced markets such as Southeast Asia and Europe increased.

Apple’s shipments decreased 12 percent compared with the previous quarter, and ranked third, one notch lower than the previous quarter.