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The Financial Express

Vivo in the top five smartphone brands

FE Online Desk | Published: May 14, 2020 15:10:10


Vivo in the top five smartphone brands

As COVID-19 has hit the world economy, the sales of many business organizations have been decreased and plenty of companies have stopped production. Though global smartphone sales fell down, the Chinese multinational technology company Vivo made a record shipments and got listed in the top five smartphone brands across the world. Vivo returned to the top five smartphone with magnificent market share, sales and growth rate and secured the third position in the 5G mobile market.

 

Recently International Data Corporation (IDC) has revealed this information. According to the report, South Korean company Samsung is now at the top of the global market with a 21.1 % share. While vivo is fifth with 9 % share. Moreover, Apple, Huawei and Xiaomi are also in the list.

 

As Vivo has shipped 2.9 million units of 5G phones this year, it is named after Samsung and Huawei in the 5G phone market. According to the Strategy Analytics report, currently 5G smartphones demand is increasing worldwide, so its shipments have crossed 25 million in the global market and right now China has the highest demand for 5G phones.

 

Recently, Vivo has overtaken Samsung in India and become the second-largest brand in India, which is the second-largest smartphone market in the world.

 

 -rmc//

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