Samsung, the world’s third largest feature phone maker, ranked Lava fifth
This year, 2020, is not very convenient for everyone else, but Samsung’s phone business seems to be quite profitable. We have already told you about the success of this South Korean company in the smartphone business in India and in the world market in the last few months. But many of us may not be aware that the company is making feature phones at the same pace as it is making smartphones. According to a recent report, smartphone brand Samsung has achieved the third position in the market as the largest feature phone maker. However, the Chinese company Techno is also in the same place. Both brands have 10% share in the feature phone market.
According to a report by Counterpoint Research, Samsung shipped about 8.5 million feature phones in the third quarter of this year. In this case, India is considered an important market for Samsung, as the company had an 18% share in the region at the time of the mentioned.
At the moment, the Chinese phone brand iTel tops the feature phone market with a market share of about 24%. On the other hand, HMD Global or Nokia is in the second place with 14% share. However, Indian feature phone manufacturers are not far behind. According to the report, Indian company Lava is now the fifth largest feature phone brand in the world market.
Incidentally, according to Counterpoint Research, about 64 million feature phones have been shipped to the world market this year. In this case, the Middle East and Africa region has become the largest market for such devices. However, the sales of feature phones have declined this year as compared to last year, the report said.