Apple just released its financial results for its fiscal 2018 third quarter, announcing $53.3 billion in revenue during that period buoyed in large part by 41.3 million iPhones shipped. While its fiscal 2018 Q3 results signify a better-than-expected quarter for Apple, the Cupertino giant has been surpassed by Huawei in terms of global smartphone market share.
According to a new International Data Corporation (IDC) report, Huawei shipped 54.2 million units worldwide during the second quarter of 2018, moving past Apple to occupy the second spot in the smartphone race with a market share of 15.8%. Apple, on the other hand, represents 12.1% of the smartphone market in the same period. The report noted that the Huawei P20 series, which was announced in March this year, played a major part in helping the Chinese phone maker boost its market profile. Huawei's global shipments also recently crossed the 100 million mark.
At its home turf in China, Huawei remains the leading smartphone vendor with a market share of 27.0% during Q2 2018. Other Chinese smartphone makers have also gained traction in the global smartphone market, with Xiaomi and OPPO occupying the fourth and fifth positions, respectively.
Meanwhile, Samsung is still ahead of the competition with a market share of 20.9% during Q2 2018. That is despite a 10.4% drop in shipments from the previous year, with the Galaxy S9 series having seen sluggish sales performance since its launch earlier this year, according to Samsung.
Overall, the global smartphone shipment during Q2 2018 totaled 342 million, which marks a 1.8% drop compared to the same period last year, according to IDC. The market research firm attributes that decline to what it calls the churn in a number of highly penetrated markets, though IDC adds that several high growth markets are still expected to help bolster smartphone shipments in the future.