Huawei Goes Ahead Of Samsung Into Number One
Technology firms continue to reap big from the coronavirus pandemic and we can now report that Huawei has taken Samsung as the world’s biggest smartphone maker.
According to analyst Canalys, Huawei’s milestone wouldn’t have happened right now were it not for the COVID-19 pandemic and the speed of China’s economic recovery, which has been faster than the rest of the world’s.
Huawei has taken the lead away from Samsung in a quarter where both vendors’ shipments shrank – but that Samsung’s shipments fell by more due to the pandemic.
Huawei shipped 55 million smartphones in Q2 2020, down 5% year on year, while Samsung shipped 53.7 million units, down 30% compared with Q2 2019.
Huawei’s non-China shipments have also taken a battering, declining 27% in Q2, but its shipments within China grew 8%. China represents over 70% of Huawei’s smartphone shipments, whereas Samsung’s only has a 1% market share in China, and is far more exposed to markets that are still being damaged by the pandemic, including Brazil, India, the US and Europe.
Huawei has taken full advantage of the recovery of China’s economy ahead of the western world.
NOTE: Samsung reported profits were up in Q2 2020, despite the COVID-19 pandemic which means the battle for top spot with Huawei is going to be an interesting one.