Latest News – South Korean giant Samsung Electronics regained the top status in the global smartphone market in the first quarter of the year, even before the release of its flagship Galaxy S8, a report said on Saturday.
According to market research firm IDC, the South Korean tech giant sold about 7.9 million smartphones during the January-March period to account for a market share of 22.8 per cent. Its US arch rival Apple came in second with a 14.9 per cent share.
The latest figure marks a turnaround from the October-December period of 2016, when Apple stood as the top player.
Stung by the suspension of the Galaxy Note 7 phablet, Samsung still managed to take up 18.5 per cent of the market in the fourth quarter of last year.
The company stopped the production of the smartphone following reports of the devices catching fire while charging.
Also, Huawei Technologies, Oppo and Vivo followed Apple and Samsung in the top five, with a combined market share of 22.4 per cent in the first quarter this year, up from (Read More)