Samsung tipped to top smartphone production in 2021: Report

Source : IANS 2021-01-05 17:50:14

Samsung Electronics is expected to remain the world's top smartphone producer this year, a report showed on Tuesday, though its market share is likely to go down as other brands will ramp up production with the recovery of mobile demand.

Global smartphone production was projected to increase 9 per cent on-year to 1.36 billion units in 2021, according to market researcher TrendForce, which predicted that device replacement demand and growth in emerging markets will lead to gradual recovery of the smartphone market, reports Yonhap news agency.

Samsung was forecast to make 267 million smartphones, or 19.6 per cent of global production, in 2021, TrendForce data showed.