SAN FRANCISCO (KCBS)— A new report by Fitch Ratings predicts that Samsung may have a tough time ahead when it comes to the smartphone market. The credit rating agency expects Samsung’s market share to drop from 31 percent to 25 percent in 2015.
While that doesn’t seem to be much to be ashamed of with a market share this large, it will be a big blow to the South Korean electronics company that is facing growing competition. And it’s coming from all directions, most notably from Apple’s forthcoming iPhone 6, which is likely to be out in September.
This only puts pressure on Samsung’s high-end phones, especially the Galaxy s5. With Microsoft, who now owns Nokia, they need to look out for their latest announcement of a $25 phone. I don’t know if it’s a smartphone, but there are still a billion people left in the developing world who don’t have phones. Samsung has been strong in that market, but now Nokia wants a piece.