Samsung tipped to top smartphone production in 2021: Report

Seoul, Jan 5 : Samsung Electronics is expected to remain the world’s top smartphone producer this year, a report showed on Tuesday, though its market share is likely to go down as other brands will ramp up production with the recovery of mobile demand.
Global smartphone production was projected to increase 9 per cent on-year to 1.36 billion units in 2021, according to market researcher TrendForce, which predicted that device replacement demand and growth in emerging markets will lead to gradual recovery of the smartphone market, reports Yonhap news agency.
Samsung was forecast to make 267 million smartphones, or 19.6 per cent of global production, in 2021, TrendForce data showed.
Last year, the South Korean tech giant produced 264 million smartphones, accounting for 21 per cent of worldwide smartphone production.
Samsung was followed by Apple which was projected to produce 229 million units of iPhones in 2021, up 15 per cent from a year earlier. Its global market share in terms of production volume was estimated at 16.8 per cent, up from last year’s 15.9 per cent.
China’s Xiaomi was expected to move up one spot to rank third with a production volume of 198 million units in 2021, up 35.6 per cent from a year earlier.