Samsung Smartphone Shipments Return to Growth in Q3 2015

According to the latest research from Strategy Analytics, global smartphone shipments grew 10 percent annually to reach 354 million units in the third quarter of 2015.

Samsung grew its smartphone shipments six percent and finally returned to positive growth for the first time in over a year.

Linda Sui, Director at Strategy Analytics, said:
“Global smartphone shipments grew just 10 percent annually from 323.4 million units in Q3 2014 to 354.2 million in Q3 2015. This quarter was the smartphone industry’s slowest growth rate for six years, since the depths of the global economic recession back in 2009. Smartphone growth is slowing due to increasing penetration maturity in major markets of the US, Europe and China.”

Neil Mawston, Executive Director at Strategy Analytics, added:
“Samsung shipped 83.8 million smartphones worldwide in Q3 2015, growing 6 percent annually from 79.2 million units in Q3 2014. Samsung has finally returned to positive smartphone growth for the first time in six quarters since Q1 2014.

Its smartphone division is back on the road to recovery. Samsung’s smartphone growth is being driven by select price cuts and attractive new models like the Galaxy Note 5, A8 and J5.

Apple shipped 48.0 million smartphones worldwide and captured 14 percent market share in Q3 2015, rising from 12 percent in Q3 2014. Apple’s iPhone 6 and 6 Plus models remained popular worldwide, especially in China and the United States.”

Woody Oh, Director at Strategy Analytics, added:
“Huawei maintained third position with eight percent global smartphone marketshare in Q3 2015, up from five percent a year ago. Huawei is expanding rapidly across Asia, Europe and the United States, putting competitive pressure on key rivals such as Lenovo-Motorola and Xiaomi.”

Linda Sui, Director at Strategy Analytics, added:
“Lenovo-Motorola returned to fourth position with 5 percent global smartphone marketshare in Q3 2015, but its shipment growth rate declined minus 23 percent annually.

Xiaomi tumbled to fifth place with 5 percent share and its shipment growth rate declined minus one percent annually.

Both Lenovo-Motorola and Xiaomi are struggling to make headway in the fast-growing 4G smartphone market and they are being punished by a bullish Huawei and a resurgent Samsung.”

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

AIICO Retains Composite Licence Without Capital Raise, Posts Solid Q2 Performance

Mr. Olusegun Omosehin, Commission for Insurance/CEO of the National...

CIIN Unveils 2nd Edition of Courts’ Judgments on Insurance, Related Cases in Nigerian Courts

Chartered Insurance Institute of Nigeria (CIIN) announces the release...

Mutual Benefits Receives Renewed Licence, Signals New Growth Phase

Executive Director (Technical), Mutual Benefits Assurance Plc, Joseph Oladokun...

Stanbic IBTC, Anambra State Partner to Accelerate Growth, Trade Opportunities for South-East MSMEs

As MSMEs across the South-East seek opportunities for growth,...

Heirs Insurance Group Poised for Leadership in Nigeria’s Post-Recapitalisation Insurance Era

  Heirs General and Heirs Life meet NAICOM’s recapitalisation...

Topics

SMILE, RenMoney Unveil Financing Initiative for Clients

Smile Communications Limited and RenMoney have announced the launch...

NAICOM Seminar on Insurance Adoption by MSMEs for Aug 5

In a bid to ensure greater and effective adoption...

Global Airlines Financial Monitor: May 2O16

Key Points: · Global airline share prices fell by 3.0%...

NEXIM Bank to Generate $5bn Yearly via Export Facilities

The Nigerian Export-Import Bank (NEXIM Bank) recently launched two intervention products targeted at promoting the country’s non-oil exports. The funds are the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Rediscounting and Refinancing Facility (ERRF). These intervention funds by Central Bank of Nigeria (CBN) are part of the efforts of the Federal Government to address the persistent overdependence of the economy on revenue from crude oil exports.

PenCom Unveils PenCare Initiative for Retirees Across Nigeria

The National Pension Commission (PenCom) has established the PenCare...

Stanbic IBTC Attracts N413bn Capital into Nigeria

Stanbic IBTC, a member of Standard Bank Group, in...

NAIPE 2024 Conference Attracts 26 Insurance, Pension Firms as Partners

A total of 26 insurance and pension companies as...

Senate May Reject Amaechi, Fashola as Ministers

There are growing indications that the Senate may not confirm Hon. Rotimi Amaechi and Babatunde Raji Fashola as ministers following growing allegations of corruption during their tenure as executive governors of Rivers and Lagos states respectively. A high-ranking PDP Senator from the South-South region told Business Journal on condition of anonymity in Abuja that the PDP-caucus at the Senate will make sure that both Amaechi and Fashola fail the ministerial confirmation hurdle.
spot_img

Related Articles

Popular Categories

spot_imgspot_img