While the entire smartphone market shrank 5% year-on-year for the quarter, the premium segment saw a considerable growth of 19%, according to Counterpoint Research’s Market Monitor.
Huawei’s share in the global premium smartphone segment hit double digits for the first time in the third quarter of 2018, according to report.
Apple led the global premium smartphone segment capturing 47% share of the segment, followed by Samsung (22%), Huawei (12%), Vivo (five percent ), Oppo (five percent) and Xiaomi (three percent), Tarun Pathak, Associate Director at Counterpoint Technology Market Research, wrote in a blog post on Saturday.
In the $400 to $600 price range, Samsung led the market with a share of 25 percent, while Apple took up 21 percent. Huawei accounted for 17 percent.
From $600 to $800, Apple and Samsung posted a share of 61 percent and 21 percent, respectively. As for smartphones priced $800 and higher, Apple accounted for 79 percent of all sales, Counterpoint data showed.