Samsung Coin on Blockchain is Corporate Crypto “breaking bad”
According to TrendForce, Samsung dominates the smartphone market by commanding a 20% global market share, down from well above the 30% peak in 2013 but enough to dethrone and relegate Apple to second place, with Huawei right on the heels and creeping up on third place.
Huawei, as with its other far eastern competitors, are lowering their smartphones prices and competing hard for smartphone market share dominance, not only in their major home market of China but globally as well. Huawei has been the most successful so far and is expected to surpass Apple sometime in the second half of 2019.
Amidst a US-China trade war and the American government clamping down hard on Huawei by issuing an international arrest warrant for Huawei’s CFO Meng Whazou in Canada, and by doing so, intensifying the tech race to 5G global roll-out and market dominance, Samsung managed to stay comfortably and safely on the side-lines and continue its aggressive growth strategy across the world. Samsung’s strategy may well be “divide & conquer” and could be one of the main reasons Samsung and Apple just recently agreed to end their 7 year legal wrangling in major jurisdictions around the world. In the end, just like a bad marriage, they need each other more because they are each other’s best customers.
