Samsung has reached its highest global smartphone market share in the last five years. This comes as Samsung took the top spot as the best-selling smartphone brand in the first quarter of 2022, with a market share of around 24 per cent.
Samsung’s Galaxy S22 The affordable budget and mid-range smartphones of the series and the company were the major reasons for the company’s success. Samsung has reached this level of dominance in the smartphone market for the first time since 2017. Currently, the company has a market share of 24 percent, according to a report by Counterpoint Research. Back in 2017, Samsung had a market share of 25 percent.
Read also: Samsung cuts smartphone production by 30 million units: Report
While Samsung’s market share has reached 24 percent. Apple took 15 percent share, and second largest Android Xiaomi took 12 percent market share in Q1 2022.
This comes a day after Samsung announced production cuts for the smartphone. The company is reducing production by about 30 million units due to various reasons. Samsung, which is currently the world’s leading smartphone maker, will reduce production by 30 million units for 2022, according to a report in MILE, South Korea. business News Said. Earlier, Bloomberg reported that Apple is abandoning its plan to make 20 million additional iPhone units in 2022.
Read also: Samsung will stop selling low-cost feature phones India soon: report
That’s largely the reason for Samsung’s production cuts COVID-19 Related gaps and supply chain bottlenecks. In addition, ongoing component shortages and crises Ukraine The reason for the alleged cut in smartphone production is being cited by Samsung.
This comes soon after the South Korean giant said it would exit the feature phone market by the end of 2022. According to a recent report by ET, the last batch of feature phones from Samsung is to be manufactured by Dixon in December this year. After that, the company will not make any more feature phones in India.
read all breaking news , today’s fresh news And IPL 2022 Live Updates Here.