https://www.businesswire.com/news/home/20181101006210/en/

BOSTON--(BUSINESS WIRE)--Nov 1, 2018--According to the latest research from Strategy Analytics,to reach 360 million units in Q3 2018. Samsung maintained first position with 20 percent global smartphone marketshare, ahead of Huawei in second, while Xiaomi and OPPO rose to record highs in fourth and fifth places.

Linda Sui, Director at Strategy Analytics, said, “Global smartphone shipments tumbled 8 percent annually from 393.1 million units in Q3 2017 to 360.0 million in Q3 2018. The global smartphone market has now declined for four consecutive quarters and is effectively in a recession. The smartphone industry is struggling to come to terms with heavily diminished carrier subsidies, longer replacement rates, inventory buildup in several regions, and a lack of exciting hardware design innovation.”