The Chinese mobile phone giant Huawei has climbed the smartphone market to take 2nd place behind world-leader Samsung; sending Apple down to 3rd.
With Huawei overtaking Apple, this marks the first time since 2010 that American based Apple was not among the top-two global smartphone manufacturers.
International Data Corp. reports that South Korean Samsung sold 71.5 million mobile phones in 2018’s second quarter, with Huawei & Apple selling 54.2 & 41.3 million phones respectively.
Samsung enjoys nearly a 30% global market share, Huawei earns a 16% share and Apple holds about 12% of the world smartphone market.
In total, 342 million smartphones were sold this second quarter, down 1.8% as compared against 2017’s 2nd quarter statistics.
Apple reports its best June 2nd quarter ever, recording $53.3 billion in revenue on the back of 41.3 million iPhone sales.
Stock price @ post:
* Samsung Electronics Co Ltd: close 46,250 KRW – NOK 337.30, down .64%
* Huawei is privately held. Anyone not working for Huawei can’t buy into the
* Apple, Inc: close 201.67 USD – NOK 1649.21, up .08%
© NTB scanpix / #Norway Today