HomeNewsTechnologySamsung takes back smartphone crown from Apple; Xiaomi surges

Samsung takes back smartphone crown from Apple; Xiaomi surges

China's Xiaomi Corp clocked its best quarterly performance ever, with shipments surging 62% to 49 million phones and market share to 14%, taking it to the third position after Samsung and Apple.

April 29, 2021 / 13:15 IST
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South Korea has stringent inheritance tax laws and high rates, resulting in a hefty bill for the family (Image: CNBCTV18)
South Korea has stringent inheritance tax laws and high rates, resulting in a hefty bill for the family (Image: CNBCTV18)

Samsung Electronics Co Ltd snatched back the crown from Apple as the world's biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.

China's Xiaomi Corp clocked its best quarterly performance ever, with shipments surging 62% to 49 million phones and market share to 14%, taking it to the third position after Samsung and Apple.

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Overall, global sales surged 27% to 347 million units in the first quarter as the Chinese economy opened up after the pandemic and a swift vaccine rollout in the United States raised hopes of an economic recovery.

South Korea's Samsung shipped 76.5 million smartphones in the quarter to grab a 22% share of the market, Canalys said. The company on Thursday reported a 66% surge in quarterly profit in its mobile business, thanks to robust sales of its flagship Galaxy S21 smartphone series.