Global phone profits fell by 3%, Xiaomi and Huawei still on ascent in Q3 2018

November 2nd, 2018   decode   Other Tags: , ,

In a new report from Counterpoint, it is found that Global telephone income have fallen for the first period up to 3% in the Q3 2018. The global shipments of the phones have reduced to 386.8 million units. When growing by an common of 16% from the past 5 years, the phone market is witnessing a slowdown with 1% overall decline this year.

A lot of reasons could be cited as the root cause of the slowdown. Handful of of the ideas are the slowing global economy, rising trade tariffs, rising price of telephones, etc. Despite XIomai and Huawei, all most big brands these types of as Samsung, Apple, LG and others have witnessed a decline in income.

“Many markets have already hit a saturation point for fresh smartphone demand and are dependent on replacement demand,” Counterpoint research director Tom Kang wrote in the report. “Buying a far more expensive gadget achievements in extending the length of replacement cycles, especially after your earnings are limited.”

In total, Samsung shipped 72.3 million phones and ranked initially, but it has declined 13% on the basis of year-on-year stats. Apple has maintained a steady increase of 0.1% in the total tally. Huawei, Xiaomi and HMD have witnessed considerable growth. Notably, Huawei shipments rose to 52 million units by 33% on the year-on-year basis. Xiaomi garnered 35.7 million profits with an increase if 25% on YoY basis.

HMD global aka Nokia has increased its shipments amount by 71%. On the most hand, Motorola and LG both have witnessed a double-digit dip this year. Apple remained steady and sold 170.8 million iPhones which are half a per cent much more than the last year.

Few brands are doing nicely in the international market instead than the domestic. In the same group, Xiaomi has registered a growth of 83% in the international market even though hit 16% in the domestic market.

We can say it’s a mixed bag of ups and downs this period with general profits fell by 3% this quarter.

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