Samsung shipped 3bn smartphones in 10 years, 33% more than Apple, Xiaomi, Huawei
Samsung vs. Apple Smartphone Shipments:
- Samsung shipped nearly three billion smartphones in the past decade, surpassing Apple and other competitors combined.
- Samsung's market share has dropped over the years due to competition from Chinese brands like Xiaomi, Vivo, and Oppo.
- Apple's market share increased by 2% in the same period, reaching 17.3% in Q1 2024.
- Samsung faced declining sales between 2014 and 2022, while Apple's annual shipments increased.
- Global iPhone sales hit a record high of 231.8 million units in 2023.
Global Smartphone Market Trends:
- The global smartphone market experienced an 8% YoY decline in sales volume in Q4 2023.
- Despite a decline in sales volume, Samsung maintained a 20% market share in Q3.
- Apple overtook Samsung as the leader in the global smartphone market in 2023.
- Huawei, HONOR, and Transsion Group were the only brands to gain market share and record YoY growth in Q3.
- Apple's rise was attributed to demand for premium devices and strategic initiatives like trade-in offers.
Samsung's Response and Future Plans:
- Samsung Electronics aims to outpace the global smartphone market in 2024 with the Galaxy S24 Series.
- Joy Tim-Ayoola, Head of Mobile Division for Samsung West Africa, expressed optimism about Samsung reclaiming the top spot.
- Despite tough economic conditions, the premium smartphone segment is growing both in Nigeria and globally.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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