Samsung Plans To Increase Smartphone Sales In 2021
Korean Samsung has planned to increase smartphone sales to 300 million units in 2021, the South Korean publication ETNews reported on September 7, citing its sources in the company.
In 2020, Samsung's sales dropped due to the coronavirus epidemic. This year, the company plans to sell 260 smartphones. But in the next year, this figure should grow by 15%, according to the company.
In the first quarters of 2020, Samsung lost the global leader in smartphone sales to China's Huawei. But experts agree that Huawei's sales will soon be affected by the consequences of US sanctions, mostly due to the share of the Chinese company, Samsung can increase its sales, the publication believes.
Recall that in May 2019, the United States imposed sanctions against Huawei and banned its companies from dealing with it. However, Huawei's sales are growing due to the domestic Chinese market, which is the largest in the world.
In 2020, the United States almost cut off the Chinese company from the supply of electronic components in two steps, adding the requirement to obtain permission from the United States Department of Commerce to ship products produced with the help of American technologies and equipment. First, under the ban were chips developed by Huawei, itself, made to order by other companies, and then any chips at all.