Samsung Electronics Co. maintained its lead in the global smartphone market in the second quarter, driven by sales of its competitively priced Galaxy A series, according to industry market tracker Canalys, Samsung controls 19 percent of the global smartphone market share based on shipments.
iPhone maker Apple Inc. came in second with 16 percent, followed by Chinese company Xiaomi Corp. with 15 percent.
Samsung was the only smartphone manufacturer to record annual growth of 3 percent, while Apple saw a 2 percent decline, and Xiaomi remained stable.
The global smartphone market recorded its first decline in six quarters, shrinking 1 percent due to a slower-than-expected recovery in consumer demand and economic uncertainty.
However, Canalys noted that the impact of US government tariffs, coupled with healthy inventory levels for new devices, could impact market supply and demand. This still leaves room for growth in the second half of the year.
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