(Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty ImagesChinese smartphone makers Huawei, Oppo, Vivo, and Xiaomi have pushed Samsung out of the world’s largest smartphone market, and Apple may be next. Samsung’s market share dropped from 12.8% in 2014 to less than one-percent by 2018, while Apple’s share dropped from 10.1% to 7.4%–see Table. Meanwhile, Huawei’s, Oppo’s, and Vivo’s market shares almost tripled over the same period—collectively holding close to 67% of the Chinese smartphone marketAnd there’s Xiaomi with a steady market share of roughly 13%. That’s why the Korean giant is relocating its manifesting facilities to Southeast Asia, where it’s already facing competition by Chinese smartphone makers. But things may change in the future, as the Chinese smartphone market matures, and domestic smartphone makers come up with new models that address the high end.

Source: Forbes October 19, 2019 13:52 UTC