Samsung’s Q2 ‘Downfall’, market shares in China again dropped below 1 percent


Samsung’s Q2 ‘Downfall’, market shares in China again dropped below 1 percent
Samsung's second quarter wasn't that much good and the company lost shares in various markets but the Q2 loss does not end here because a recent source reveals that Samsung's market shares in China again dropped below 1%. According to the data compiled by Strategy Analytics, Samsung sold 800,000 units of smartphones in China over the April-June period, accounting for only 0.8 percent of the Chinese consumers. Not only this but the company stands out of the top 10 smartphone maker list in Chiese market. It seems like Consumers in China not satisfied with Samsung and its market share has fallen far below from its green days in 2013 when the company captured 20 percent of the Chinese market. The South Korean tech giant took up 3.1 percent in the first quarter of 2017, with its market shares dropping to 0.8 percent in the fourth quarter of the same year. Somehow Samsung managed to grow back on 1.3 percent in the First Quarter of 2018 by using the new promotion tactics for Galaxy S9 but the good days for celebrating growth was ended soon. According to the industry analysts, Samsung's all efforts are ending in vain because its Chinese rivals brought up more competitive devices with a more fewer price. Recently Chinese smartphone vendor Huawei captured the biggest share of China's market with 27% followed by Oppo, Vivo, and Xiaomi combined weight of around 55% of shares. It's also notable that Samsung's US rival Apple also took 5.7% shares in the country but Samsung is far below with nowhere rank.