All samsung Smartphone market inches back to growth with Samsung holding the lead

The smartphone market grew by practically 1 percent, according to Strategy Analytics

The particular smartphone market is showing indications of growth again, but barely, with shipments upward practically 1 percent year-on-year in the second 1 / 4, based on Strategy Analytics.

The research firm, which got reported a 3 % drop in the market in the last quarter, said Wed that there are indications that the market had bottomed out in the very first 50 percent of this year. Multiple new product launches from suppliers including Samsung Electronics and Apple could see an increasing growth outlook for the second half of the year.

Another research firm Canalys reported Tuesday that smartphone shipments had came back to modest growth in the second quarter after a disappointing first one fourth.

About 340. 4 mil smartphones were shipped in the second quarter, said Strategy Analytics, which additional that the market industry had recently been hit by saturation in major markets like Tiongkok and political events such as Britain's decision to exit the European Marriage.

Earlier on Wednesday, the most significant smartphone maker Samsung reported its most profitable quarter in 2 years, powered by increased sales of its flagship products like the Universe S7 and S7 advantage. The company's mid-to low-end smartphone portfolio, including the Galaxy A and M series, also contributed to improved profitability, it said.

Samsung said the mobile phone business would stay buoyant in the second 50 percent, but warned that competition are required to launch new models in the period. The company faces competition from Chinese brands at the low end and Apple's phones at the high end, but hopes to strengthen its high-end with the release in the third-quarter of any new large-screen range topping smartphone.

Profits are expected to be largely motivated by its components business, including with regard to storage like solid state devices (SSDs), which is expected to pick up in the second half as smartphone producers launch new products.

The particular South Korean company reported a income increase of 4. 9 percent year-on-year to 50. 9 trillion won (US$44. 7 billion) in q2 while operating income rose 18 percent to 8. 1 trillion received.

Rival Apple in comparison saw its earnings fall 15 percent to $42. 4 billion in the quarter ended June twenty-five from $49. 6 billion in the same 1 / 4 last year, while income dropped 27 percent to $7. 8 billion from $10. 7 billion last year. Shipments of the apple iphone dropped to 40. 4 million units from forty seven. 5 million units, an year-on-year drop of 12-15 percent.

"Apple continues to face iPhone fatigue among consumers and the new iPhone SE model has not been able to stem that trend, inches said Strategy Analytics' analyst Neil Mawston, in a statement.

Samsung led the market with a greater share of 22. 8 percent for 77. 6 , 000, 000 smartphones shipped, while second place Apple's share dropped to 11. 9 %, Strategy Analytics said. The following three places were taken by Chinese vendors Huawei, Oppo and Xiaomi, in that order.