South Korea’s tech giant Samsung Electronics Co. saw its market share in the smartphone industry plunge in the second quarter from a year earlier, data showed Wednesday, dented by the rise of Chinese players vying with low-end models.
Samsung took up 25.2 percent of the global smartphone market in the April-June period, down 7.1 percentage points from the 32.3 percent posted last year, the data compiled by market researcher IDC Corp. showed. It shipped a combined 74.3 million units of smartphones in the second quarter, down 3.9 percent on-year, the data showed.
The fall compares to an expansion of the global smartphone market in the second quarter, from 240 million units a year earlier to 295.3 million units, according to IDC. (Yonhap)
