Huawei overtakes Apple to become the second largest smartphone vendor

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The embattled Chinese phone maker shipped 54 million handsets in the quarter, an increase of 41 percent over a year ago, researcher Canalys reported. Smartphone Company HighlightsSamsung once again remained the leader in the worldwide smartphone market despite a 10.4% decline in shipments from past year.

Given that Huawei, Oppo or Xiaomi are in the top tier of phone sellers in China, LG will undoubtedly have a big customer base for its OLED displays, and now the only thing left is for the company to deliver.

Despite being a digital-first brand, increasing its offline footprint across India is one of the key focus areas for OnePlus for this year, said Vikas Agarwal, General Manager, OnePlus India, which launched its mobile phones in India four years ago.

"The drop marks the third consecutive quarter of year-over-year declines for the global smartphone market and only the fourth quarter of decline in history", IDC says in a statement. "If Apple and Samsung want to maintain their market positions, they must make their portfolios more competitive".

Samsung captured over a third of the total premium smartphone market during the quarter with promotions around its flagship Galaxy S9 series remaining strong.

Samsung earnings took a hit from the sluggish market when it reported earnings Tuesday.

All eyes are now on the Galaxy Note 9, which will be unveiled in just over a week's time on 9 August.

China's Huawei Technologies Co Ltd [HWT.UL] posted a 15 percent rise in first-half revenue, with industry data showing market share gains at home for the smartphone maker that has been largely shut out of the US market over security concerns. There were no actual profit and loss numbers as Huawei does not release half-year results. While Apple shipped 41.3 million handsets, compared to 41 million in the same period a year ago. "In addition to this, models such as the iPhone 7 and 7 Plus are also losing steam", said Stanton, adding that an uptick in iPhone 8 and 8 Plus, helped in part by the Product Red campaign, was enough to offset this trend. Apple will look to regain control of the market this fall with the expected launch of three next generations of iPhone models. Despite this, the company still managed to grow 5.1% over past year as it continued its expansion into other markets such as the Middle East & Africa.