Another Chinese manufacturer, Xiaomi, is fourth with a market share of 10.2%.
Huawei's dominance was largely fueled by its growth in China, which has seen better recovery from the COVID-19 pandemic than other markets like the US'. Sales, however, dropped 5.6 percent to 52.97 trillion won compared to the same quarter a year ago. "The shipment penetration of 5G smartphones increased to over 11 per cent of all smartphones in Q2 2020 from seven per cent last quarter", Abhilash Kumar, Research Analyst at Counterpoint Research.
In addition to the sanctions and Washington's pressure to exclude Huawei from building 5G networks for USA allies, the Chinese company now needs to contend with the diplomatic flare-up between China and India following a deadly border clash in June.
According to data from market research firm Canalys, Huawei has leapfrogged Samsung to become the world's top smartphone shipper for Q2 2020. The company will introduce its new Galaxy Note smartphone on August 5 with an online showcase. Transsion Holdings shipped 12.0 million units million units in the second quarter, up from 9.1 million units in the second quarter of 2019.
"We believe that Samsung will recover in the coming quarters". Both Samsung and market analysts expect the new smartphone lineups - the Galaxy Note 20 and Galaxy Fold 2 - to boost profit. Samsung followed it with 53.7 million, in the second quarter.
In a conference call Thursday, Samsung said it sold 57 million units of handsets in the April-June period, with smartphones accounting for around 95 percent of the total. Although, you should know that both these numbers are lower than the number for the same quarter previous year.
"The new SE found success as it managed to effectively target the lower-priced segment, which bodes extremely well for the vendor in this time of crisis where consumers are shifting towards more budget-friendly devices", IDC said.
"Our business has demonstrated exceptional resilience in these hard times", Huawei said in a statement. The COVID-19 crisis is occurring just as the company was set to return to unit and market share expansion.
Huawei - the world's top producer of telecoms networking equipment - has become a pivotal issue in the geopolitical standoff between Beijing and Washington, which claims the firm poses a significant cybersecurity threat.
"5G smartphone shipments continued their growth streak globally; growing more than 43 per cent sequentially for the quarter".