“Samsung Galaxy” remains as Korea’s No. 1 brand for 12 consecutive years

“Samsung Galaxy” remains as Korea’s No. 1 brand for 12 consecutive years

The worldwide cell phone market is kind of complicated however some markets are “mono-brand” markets. By “mono-brand” markets we imply that mainly, just one model thrives out there. As an example, the U.S. cell market has simply Apple thriving. Whereas Samsung and different manufacturers put up a battle, their capability within the U.S. is minute. Equally, the South Korean cell phone market is a “Samsung” market. Samsung Galaxy cell phones high the listing of 100 Korean manufacturers.

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Korean model consultancy Brandstock introduced that Samsung Electronics’ Galaxy cell phone has held the highest spot for 12 consecutive years. The Brandstock High Index (BSTI) consists of a complete of 1,000 factors. On the rating, Samsung Galaxy cell phones rating 937.6 out of 1,000 factors in 2022, taking first place.

Samsung might lose the highest spot within the international cell phone market

That is excellent news for Samsung, as it’s speculated that the corporate will lose its high spot within the international cell phone market to Apple within the fourth quarter of 2022 as a result of sluggish demand and recession in lots of economies. Samsung did handle to extend its shipments by 3.9% quarter-on-quarter to a world cell phone market of 64.2 million models. By way of share, Samsung managed to seize a 1.4% development share of the worldwide cell phone market within the third quarter of 2022.

The Samsung Galaxy S22 collection has acquired good evaluations globally. In response to the “Korea Financial Day by day”, the Galaxy S22 Extremely was chosen as the very best invention of 2022 by the US “Time” journal. Korean Air jumped 11 locations to No. 11 on the listing, and Hana Tour jumped from No. 40 final 12 months to No. 32 this 12 months. On-line procuring manufacturers additionally showcased stiff competitors, with corporations like Coupang, Gmarket, Public sale and 11th Avenue dropping within the rankings. IT-related manufacturers have been additionally affected, with Naver slipping from third to fourth and Google from ninth to tenth.