In less than 2 decades, smartphones have become an essential part of our lives. There are so many smartphone companies out there, but few of them are the best. The world’s leading research and advisory company, Gartner, said more than 1.5 billion smartphones were sold in 2019. The top 5 smartphone companies captured 63% of global smartphone sales.
Samsung (One of the top smartphone companies):
Samsung has kept the largest market share in the global smartphone industry for almost the last 8 years. The company was founded in 1969, Samsung Electronics offers a range of electronics products. The South Korean mix operations cover for segments – IM (Information Technology & Mobile Technology), Harman, Consumer Electronics, Device Solution.
Samsung’s Consumer Electronics segment includes digital TVs, monitors, air conditioners, and refrigerators. These devices include products like memory and foundry in the charge business, LCD, and OLED panels in the display business. Samsung’s Harman division includes connected car systems, visual and audio products, and enterprise automation solutions.
Samsung’s Information Technology & Mobile Technology division includes mobile phones, computers, and communication systems. Among all these, mobile phones are the most important supporter of the sale, accounting for approximately 95% of the devotions sales of the first half of the year 2019. Mobile phones donated 40% to the company’s total 2018 sales, and their contribution rose to 46% in the first half of 2019.
Although, the segment’s operating small border from 10.1% to 7.2% in the first half of 2019. Inactive demand in the premium smartphone segment combines the great competition in the low-end to the midsize market segment, which impacted the companies margins in the recent half-year. Samsung’s phones which got targets in the premium segment were, Samsung’ S series and Note series. Samsung recently launched many phones which include Samsung galaxy series, galaxy fold, and many more.
Huawei (Leader of Chinese Smartphones):
Chinese smartphone manufacturer Huawei has a market share of 15.8% in the second half of 2019. Huawei is the second-ranked smartphone company in the world in terms of sales, and it has sold 206 million smartphones in 2018. In the first half of 2019, the company sold 117 million smartphones.
The company was founded in 1987, Huawei has 1,88,000 employees. The company offers a range of electronics products for consumers and businesses. In the segment of consumers, the company sells mobile phones, tablets, wearables, mobile phones, and more. In the segment for business, the company offers products like routers, wireless and fixed networks, and switches.
The company generated revenue of $105 billion and the net profit was $8.7 billion, in 2018. The company is facing some issues after the US banned Technology companies from doing business with Huawei.
Apple companies new worth in 2018 was $59 billion, making it the top company worldwide in profits terms. Apple’s revenue in 2018 was $226 billion, and the company sold 218 million iPhones in 2018. The company’s iPhone sale reduce in its tax 2019.
In the first 9 months of tax 2019, Apple’s iPhone sales fell $109 billion, down 15% from similar periods in tax 2018. Hardly, consumer upgrades contributed to the company’s fall in sales. The old iPhones are seen to be working nicely, and consumers are not switching to new versions.
In the first nine months of tax 2019, iPhones contain 56% of Apple’s total sales. Its digital content and other services, including iCloud and Apple Pay, contains 17% of its revenues. In contrast, the company’s Mac desktop and notebook computers contributed 10% of its revenues.
Xiaomi is listed on the Hong Kong Stock Exchange like Huawei. The company was founded in 2010, Xiaomi is the fourth-largest smartphone company by unit sales in the second quarter. The company sold around 60 million smartphones in the first half of 2019. During this period, Xiaomi’s smartphone revenue rose 9.8%.
Xiaomi produces around $25 billion in revenue in 2018, and its profit for the year is around $2 billion. Xiaomi’s smartphone division contains 65% of the company’s revenue and 32% of its gross profit in 2018. In 2018, the company’s smartphone revenue rose 41% over 2017. Its smartphone unit volumes rose 30% during this period. Other lifestyle products and Internet services consider the left revenues.
Xiaomi separated it’s Xiaomi and Redmi brands. The company’s main focus is on the Xiaomi premium market, while Redmi focuses on the commercial.
Oppo and Vivo (BBK Electronics):
Vivo and Oppo are subdivisions of Chinese company BBK Electronics Corp. Smartphone company OnePlus Technology is also owned by BBK. The company was established in 1998, BBK manufactures and sells consumer electronics, mainly in China and Russia. According to the privately held company, it aims to provide high-quality products at low prices.
Oppo was launched back in the year 2008, and Vivo was launched in the year 2009. Oppo sells in 40 countries and has more than 40,000 employees in the office. “Oppo and Vivo, both capture a 7.4% share of the global smartphone market in the first half of 2019,” according to IDC.