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Samsung and LG Boost Shares in Global Smartphone Market

May 17, 2017 18:33|May 17, 2017 18:42
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SamsungElectronics and LG Electronics saw their share increase in the globalsmartphone market in the first quarter of this year primarily thanks to thestrong performance of their mid- and low-price models. Samsung Electronicsregained the No. 1 spot in the global smartphone market which it lost to Applein the previous quarter, although it didn't show off any premium model duringthe first quarter of this year.

LGElectronics achieved a 20-percent share in the U.S. market in the first quarterof this year, This was the first time for LG's quarterly share in the U.S.smartphone market to stay above 20 percent.

Accordingto market research firm Strategy Analytics, Samsung Electronics sold 80.2million units of smartphones worldwide in the first quarter of this year, withits market share estimated at 22.7 percent. Samsung regained the No. 1 positionin the world's smartphone market in just a single quarter after it lost the topspot to Apple.

Thesales of Samsung's mid- and low-price models such as the Galaxy A and Galaxy Jseries rose sharply.

LG'sshare in the U.S. smartphone market reached an all-time high of 20 percent inthe first quarter of this year, up by about 3 percentage points from 17.1percent a year ago.