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VinSmart Lead Microvendors in Q4 2020

by Linda Sui | Jan 29, 2021

According to the latest report from our Wireless Smartphone Strategies (WSS) service, Global Smartphone Top 100+ Microvendors Market Share: Q4 2020, global smartphone market grew +0.1% YoY in Q4 2020. The "top 30+" vendors worldwide, like Apple and Samsung, together grew +2% YoY in Q4 2020, in contrast, the next "top 100+" microvendors combined posted -27% YoY decline. Microvendors were hit badly by COVID-19 crisis and the escalated supply shortage recent quarters.  

Vietnam-oriented VinSmart lead the pack among all microvendors with the seven-fold annual growth rate. VinSmart experienced a slow start in 1H 2020 due to COVID-19 and the disrupted supply chain. However, the vendor came back and the outlook for the following quarters is quite promising with multiple product launches and entry into the 5G segment. It is prioritizing imagery and innovation in its upcoming portfolio and with an eye on the European and US market. 

WSS clients please click here to access the full report.

Vinsmart launches first Vietnamese-made 5G-enabled smartphone | Sci-Tech | Vietnam+ (VietnamPlus)
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