World's 5 biggest Smartphone Companies | Rankings are released

The ranking of the smartphone makers in the world is out and gives us a glimpse of how each company performed in the last quarter. According to a report by IDC, Samsung remains the leader and Chinese smartphone maker Huawei has surpassed Apple to come at the second position. If you want to know which are the 5 biggest smartphone companies worldwide? Then Read on to find out ...
1. SAMSUNG -
                                    

Samsung led the smartphone market by volume with a market share of 20% in Q2 2018 even though it registered an annual decline of 11% due to weak sales of its flagship Galaxy S9 series smartphones.

Samsung will be launching its Galaxy Note 9 flagship early to counter the string of premium segment launches by its competitors and to gain some momentum before the launch of new iPhone in September. It will also focus on launching newer models with high specs in each price segment, to counter the growing competition, Counterpoint said.

2. HUAWEI -

Huawei became the top brand in a declining China market and captured the second spot in the global smartphone shipment rankings for the first time in a single quarter, beating Apple.

Its shipments grew 41% annually in Q2 2018. The company managed to be the fastest growing (21%) smartphone brand amid a declining China smartphone market, and grew fully 71% overseas.

“Huawei had a good second quarter in 2018 as it shipped more smartphones than Apple to capture the second spot in the global smartphone rankings, after seven years of Apple-Samsung dominance,” said Tarun Pathak, associate director at Counterpoint Research.

“Huawei achieved this by launching smartphones in the premium segment and capturing the mid-tier segment with its fast-growing Honor sub-brand. Huawei with its Honor brand is offering a broad and recently refreshed portfolio at affordable prices that is driving growth in the overseas market.

3. APPLE -

 Apple Inc shares jumped 4% in extended trading after the company projected sales suggesting consumers are continuing to snap up the company’s high-end iPhones even as updated models are on the horizon. Tech Giant Apple comes to 3rd position which is surpassed by Chinese company- Huawei.

The Cupertino, California-based technology giant expects fiscal fourth-quarter revenue between $60 billion and $62 billion. This will definitely grow confidence of investors in investing to this company.

4. XIOMI -

Chinese smartphone maker Xiaomi sits on the fourth position in the list. Although the company is ahead of Samsung in India in terms of People's choice, but has shipped a total of 31.9 million units globally during the second quarter. Xiomi is becoming the first choice all over India and in some Asian countries due to more features in less price. If the growth rate of Xiomi keeps increasing, then in upcoming years, this company will be on top position.

5. OPPO -

The 5th position is captured by another Chinese Smartphone maker company- OPPO.

                  Major Chinese brands like OPPO, Vivo, Huawei are now focusing on increasing their ASPs through gradually upgrading their portfolio to higher price bands by bringing in features like Artificial Intelligence, bezel-less displays, dual cameras and with innovative industrial design and colors, materials and finishes in the affordable premium segment,” said research analyst, Shobhit Srivastava.