The smartphone industry has been steadily developing and growing since then, both in market size, as well as in models and suppliers. Smartphone shipments worldwide are projected to add up to around 1.48 billion units in 2023. By the end of 2020, 46.45 percent of the world’s population owned a smartphone.
In the fourth quarter of 2020, Apple regained the crown of leading smartphone vendor based on shipments, with 23.8 percent share of the market. Samsung held a 19.1 percent share of the smartphone market in the fourth quarter of 2020.
Until the first quarter of 2011, Nokia was the leading smartphone vendor worldwide with a 24 percent market share. Today, however, Samsung and Apple clearly lead the pack. Together with Xiaomi, these companies account for more than half of the entire smartphone market.
In 2016 alone, Apple sold more than 210 million iPhones worldwide. Other prominent smartphone vendors include Huawei, Lenovo and Xiaomi.
