Market intelligence firm TrendForce has published a new report today summing up the condition of the global smartphone market in the first quarter of this year. According to its data, Samsung has overtaken Apple to become the leader in the global smartphone market.
Apple was in the top spot in the fourth quarter of 2016 as it accounted for 20.3 percent while Samsung was in second place with 18.5 percent. The two have swapped positions with Samsung accounting for 26.1 percent of the market in Q1 2017 and Apple for 16.9 percent.
Despite the fact that Samsung has been trying to recover from the Galaxy Note 7 fiasco over the past couple of quarters and that it didn’t have a new flagship on the market during this period, it continued its impressive performance in the low-end and mid-range segments of the market with the Galaxy J series performing particularly well.
This helped make Samsung the only smartphone brand to see positive growth in production volume during the first quarter of this year.The company might see further growth in the second and third quarters of this year as the impact of the Galaxy S8 becomes visible.
The initial reception has been great for Samsung’s new flagship and it’s setting new records for the company. For now, it seems that the Galaxy S8 will help Samsung retain the top spot in the global smartphone market throughout 2017.
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