Huawei Is Now The World’s Most Profitable Android Device Maker
For a long time now Samsung has been the market leader for all things Android but due to the Note 7 incident that took place, the company has suffered a huge hit and is looking to get back on its feet with the launch of the Samsung Galaxy S8. Meanwhile, Huawei has caught up with their exceptionally well-placed offerings in the mobile segment.
While Samsung has been suffering from the Note 7 mishap Huawei has become the world’s most profitable Android device maker. Samsung has however been able to keep profits higher than many companies but that is no surprise looking at how many phones the company has released. They were bound to make money from somewhere if not the Note. Which did sell, before the mishaps took place.
Apple still holds the majority of global smartphone profits. According to reports, Apple was able to earn $8.3 billion, which is 91% of the share. Huawei comes second after Apple with 2.4% of the share which is $200 Million. Vivo holds 2.2% of the share and Oppo also hold similar shares. Samsung, along with other smartphone manufacturers add up to make 2.2% of the share.
This gives us an idea of how badly the company has been affected by the Note 7 incidents. The company will be launching the Samsung Galaxy S8 smartphone next year and that should help Samsung get back on its feet.
Associate Analyst Anshel Sag with Moor Insights & Strategy stated:
Samsung’s stumble with the Note7 appears to be a temporary setback which was clearly illustrated by their drop in quarterly profitability. The brand is still strong and lots of consumers are still interested in the Galaxy S8 and what’s to come next. Huawei and other Chinese ascension will be a continued challenge for Samsung, especially as they start to expand into western markets and potentially start taking away potential customers from Samsung. The one thing Samsung has going for it when it comes to these Chinese vendors is that people know the brand well and generally default to it.
What do you think of Huawei being the leading Android smartphone manufacturer?