According to a new report from Strategy Analytics, Samsung had a 49% market share in the smartphone memory chip segment during Q1 2021. SK Hynix, another memory chip maker from South Korea, was placed second with a market share of 23% during the same period. US-based Micron Technology had a 14% share of the market.
The global smartphone memory market logged revenue of a whopping $11.4 billion in Q1 2021, up from Q1 2020’s $9.4 billion revenue. That’s due to the rising demand for smartphones and tablets as people have started working from home, and e-learning has seen a sharp rise after the COVID-19 pandemic since last year.
In the NAND flash market, Samsung saw a growth of 18% year-over-year and had a 42% revenue share. SK Hynix and Kioxia Corporation had 20% and 19% market share, respectively.
In the DRAM (used for PCs, laptops, and servers) segment, Samsung had a 54% market share during the first quarter of this year. SK Hynix and Micron Technology had market shares of 25% and 20%, respectively. DRAM prices have increased over the past few months, which helped Samsung post a 54% rise in operating profit for Q1 2021.
