With Samsung and Huawei moving into a virtual tie for the top spot in global Smartphone sales for 2020, the smartphone industry still took a big hit in worldwide sales.
In numbers, the global shipments of Smartphones dipped 8.8% in 2020, with production and distribution complications largely attributed to the COVID-19 pandemic.
A financial report suggests that despite the resounding hit, the 5G enabled handsets saw a significant rise, topping 300 million shipments in 2020, as compared to 20 million in 2019.
Among the top 5 smartphone vendors, Samsung experienced the largest decline in sales, while Apple witnessed a somewhat flat year-over-year. Although Huawei also took some big hits, besides the Google services ban, it experienced a 27.4% growth quarter-over-quarter, nestling alongside Samsung on the No.1 throne.
The report further mentions that in the first quarter of 2020, smartphone shipments fell over 20% year-over-year. The decline was amassed even more during the second quarter, but that’s about it.
The Mobile market hit recovery mode in the third quarter, and for the first time during the fourth quarter, manufacturers witnessed a single-digit rise in shipments. The growth rate was a bit shambolic, but consumers across the globe came running back to the markets and helped push a few million sales before year’s end.
The financial report further highlighted performance statistics for the top 6 mobile brands running the show, which included Samsung Electronics, Apple, Huawei Technologies, Xiaomi, Oppo, and Vivo.
Apple and Xiaomi managed to raise their shipment stream by 10% on a year on year basis. Other brands such as Samsung and Huawei took substantial hits during the same period.
Overall, Samsung and Huawei still retain the apex, with Apple and Vivo somewhere in the queue.