Samsung and Apple account for over 93% of the world’s smartphone revenues

Samsung is doing well. 2020 has been a challenging year for the South Korean tech giant, and its asset share has dropped slightly. But despite this, the forecasts did not come true, since analysts had previously predicted a huge decline due to the pandemic and the not very successful start of the flagships of the Samsung Galaxy S20.

The third financial quarter turned out to be quite successful. According to its results, we can say that the share of profit for Samsung in the smartphone market was 32.6%. In general, Samsung is quite successful in this segment, but the last time the company reached such figures was only in 2014. But Apple remains the leader.

The Cupertino tech giant has taken an impressive 60.5% of the market. Quite a serious indicator, but Apple analysts do not consider such numbers to be high. For example, in 2019, the manufacturer managed to teach a lesson 66.9% of the profits from its smartphones.

It turns out that the share of the two companies accounts for more than 93%, while the rest of the smartphone manufacturers get only 6.9% of the profits.

Source: Yonhap