Shrinking LG
Amid the rapid growth of Chinese smartphone makers, LG Electronics’ smartphones are chalking up a steady drop in its share of the world smartphone market.
According to market researcher Counter Point Research on August 2, China’s Huawei ranked third with a 8.9% market share, Oppo fourth with 6.4％, Vivo fifth with 4.4％ and ZTE sixth with 4.1％in the global smartphone market after Samsung and Apple, exhibiting their steady growth. But Xiaomi struggled as its market share dwindled to the seventh with a 4.0% share in the second quarter of this year from 5.4% in the same period of last year.
LG Electronics’ second quarter shipments hit 14.1 million which accounted for 3.9% of the world market, following Xiaomi. The Korean company that used to be one of the global top 3 smartphone maker saw its gap getting widened from even the top 5 in the world market.
Samsung Electronics held first place in the world smartphone market in the second quarter of this year. Its second quarter smartphone shipments added up to 77 million and its market share reached 21.4% in the second quarter. In the second quarter of this year, its shipments and market share edged up by 3.4% and 0.1%p year on year.
Apple’s shipments sat at 40.4 million in the second quarter, up 14.9% from a year earlier. In the same span, its market share dropped by 2.4%p to 11.2%, widening its gap with Samsung Electronics.
Third ranker Huawei recorded smartphone shipments of 32 million, a year on year jump of 4.9%. Its market share rose by 0.2%p to 8.9％ as well.