OnePlus beats Apple, Samsung in premium smartphone market
New Delhi: Riding on the success of the OnePlus 6 model, OnePlus has beaten Samsung and Apple to become the No. 1 smartphone maker in the premium segment, according to a market report released today. In the premium end of the smartphone market with models priced above Rs 36,000 (USD 500), OnePlus climbed to the leadership position on the back of OnePlus 6, surpassing Samsung and Apple in the quarter ending October. Xiaomi: The Chinese smartphone company increased its market share to 27.3% with its top selling models Redmi 5A and Note 5 Pro. Samsung: Having retained the second position, Samsung is facing increasing threats from other Chinese smartphone sellers like Xiaomi, vivo and OPPO.
Samsung posts record quarterly profit despite smartphone slump
according to The South Korea electronics giant on Tuesday reported its biggest operating profit ever as it benefited from strong demand for its memory chips and other components. Samsung said its third-quarter operating profit is 17.57 trillion won ($15.4 billion), an increase of nearly 21 percent from the year-ago period. "In the third quarter, operating profit reached a new quarterly high for the company driven mainly by the continued strength of the Memory Business," Samsung said in a statement. In the third quarter, Samsung's mobile operating profit declined 32 percent from the previous year to 2.22 trillion won ($1.94 billion). For the fourth quarter, Samsung expects smartphone shipments to rise, but warned that earnings will likely be hurt by increased promotional costs.Huawei exec: We'll dethrone Samsung to be the global smartphone leader by 2020
That's the plan, at any rate, which Huawei has set out for itself, after already overtaking Apple earlier this year to become the second-largest smartphone player as ranked by global market share. Per CNBC, Huawei "became one of China's biggest technology firms thanks to the growth of mobile networking equipment, and is now one of the largest suppliers in the world for that market. "In 2010, Huawei launched its first own-brand smartphone called IDEOS running Google's Android mobile operating system and costing around 60 euros ($67.50). "The company has services such as cloud storage, music streaming and video content, which are little known outside of China. It's something the company doesn't talk much about but it claims Huawei Music, its music streaming platform, has 100 million monthly active users.
collected by :John Smith
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