financetom
Business
financetom
/
Business
/
Samsung beats Huawei in Q1 global 5G smartphone battle
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung beats Huawei in Q1 global 5G smartphone battle
Apr 30, 2020 8:38 AM

Samsung Electronics has pipped Huawei to become the top 5G smartphones vendor in the world in the first quarter of 2020, said a market report on Wednesday.

Global 5G smartphone shipments grew to 24.1 million in Q1 2020, significantly more than the 18.7 million 5G smartphones shipped in the full year in 2019, showed data from Strategy Analytics.

Samsung led the market by grabbing 34.4 percent share, shipping 8.3 million 5G smartphones globally in Q1 2020.

Popular 5G models for Samsung include the S20 5G and the S20 Ultra 5G.

Huawei, which shipped 8 million 5G smartphones in the quarter, came second as it captured 33.2 percent share of the market.

Huawei shipped nearly all of its 5G smartphones in China, where it is the smartphone market leader.

The top 5G smartphone from Huawei is the Mate 30, Honor V30 Pro and Mate 30 Pro, Strategy Analytics said in a blog, adding that demand for 5G smartphones was strong, particularly in China, despite the emergence of the Covid-19 epidemic.

While China is the leader in demand for 5G smartphones, demand is also growing in South Korea, the US and Europe, it added.

Vivo, Xiaomi and Oppo rounded out the Top-5, taking 27 percent of global 5G smartphone shipments in Q1 2020.

Vivo is number three, capturing a 12 percent market share. Vivo's IQOO and X30 5G smartphones were popular affordable alternatives in China in the quarter.

Xiaomi captured fourth place, with 11 percent market share, while OPPO grabbed the fifth place with a market share of five percent, the data showed.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Incyte misses quarterly profit on weak sales of lead drug
Incyte misses quarterly profit on weak sales of lead drug
Apr 30, 2024
April 30 (Reuters) - Incyte Corp ( INCY ) on Tuesday reported first-quarter profit below Wall Street estimates on weak sales of its blood cancer drug Jakafi, sending its shares down 2.4%. The company is working on strengthening its pipeline to counter competition from newly approved drugs, which could impact sales of Jakafi, the company's biggest-selling drug, as it nears...
Graphic Packaging Shares Fall After Q1 Adjusted Earnings, Net Sales Decline
Graphic Packaging Shares Fall After Q1 Adjusted Earnings, Net Sales Decline
Apr 30, 2024
10:10 AM EDT, 04/30/2024 (MT Newswires) -- Graphic Packaging Holding ( GPK ) fell 5.4% in recent Tuesday trading after reporting lower earnings and revenue in Q1. The company reported Q1 adjusted earnings of $0.66 per diluted share, down from $0.77 a year earlier. Analysts polled by Capital IQ estimated $0.64. Net sales for the quarter ended March 31 were...
ATI's Shares Rise After Better-Than-Expected Q1 Adjusted Net Income, Sales
ATI's Shares Rise After Better-Than-Expected Q1 Adjusted Net Income, Sales
Apr 30, 2024
10:10 AM EDT, 04/30/2024 (MT Newswires) -- ATI (ATI) shares were up 13.7% in recent Tuesday trading after posting higher-than-expected Q1 adjusted net income and total sales. The company reported Q1 adjusted net income of $0.48 per diluted share, down from $0.59 a year earlier. Analysts polled by Capital IQ expected $0.42. Sales for the quarter ended March 31 were...
Timken's Q1 Adjusted Earnings, Net Sales Fall; 2024 Adjusted Earnings Guidance Lifted
Timken's Q1 Adjusted Earnings, Net Sales Fall; 2024 Adjusted Earnings Guidance Lifted
Apr 30, 2024
10:11 AM EDT, 04/30/2024 (MT Newswires) -- Timken (TKR) shares were up 8% in recent Tuesday trading after the company reported Q1 adjusted earnings of $1.77 per diluted share, down from $2.09 a year earlier. Analysts polled by Capital IQ expected $1.52. Net sales for the quarter that ended March 31 was $1.19 billion, down from $1.26 billion a year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved