Apple Inc’s global smartphone shipments fell in the first quarter, knocking the tech giant from the top spot and raising concerns about the core business amid growing competition from Chinese rivals.
Apple’s global smartphone shipments fell in the first quarter, knocking the tech giant from the top spot and raising concerns about the core business amid growing competition from Chinese rivals.
Apple’s iPhone shipments fell 9.6% year-on-year to 50.1 million units in the first quarter, according to preliminary data released Sunday afternoon by research firm International Data Corporation (IDC).
IDC said in its quarterly report for smartphone shipments that Samsung shipments fell 0.7% to 60.1 million units, enough for the South Korean company to take the top spot in smartphone sales worldwide. world Apple had overtaken Samsung to take the throne in the fourth quarter of last year.
Apple’s market share fell to 17.3% from 20.7% a year ago, while Samsung’s share fell to 20.8% from 22.5%.
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Apple’s global smartphone shipments fell in the first quarter, knocking the tech giant from the top spot and raising concerns about the core business amid growing competition from Chinese rivals.
Apple’s iPhone shipments fell 9.6% year-on-year to 50.1 million units in the first quarter, according to preliminary data released Sunday afternoon by research firm International Data Corporation (IDC).
In its quarterly report for smartphone shipments, IDC said Samsung shipments fell 0.7% to 60.1 million units,Enough to allow the South Korean company to regain its position as the world’s No. 1 smartphone seller.. Apple had overtaken Samsung to take the throne in the fourth quarter of last year.
Apple’s market share fell to 17.3% from 20.7% a year ago, while Samsung’s share fell to 20.8% from 22.5%.
IDC said that while the total shipments of the top five smartphone manufacturers rose for the third consecutive quarter, up 7.8% year-on-year to 289.4 million units, the market share of the top two companies fell as which the market share of the Chinese company Xiaomi and Transsion increased. .
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Xiaomi was the third largest smartphone shipper in the first quarter, with sales rising nearly 34% year-on-year to 40.8 million units, while Transsion shipments increased 85% to 28.5 million units. In the first quarter, Oppo overtook Vivo to fifth place.
IDC said the overall growth shows that the recovery of the smartphone market is “advanced well” despite challenging macroeconomic conditions, stressing that prices are rising as users realizing that they will be using their devices longer Choose a more expensive smartphone.
Apple’s slide in the rankings comes after it topped the list of global shipments in the last quarter of 2023, when it benefited from the rising popularity of high-end devices and the company’s aggressive trade-in offers and interest-free financing programs.
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The Cupertino, Calif.-based company’s iPhone business grew nearly 6% year over year in the October-December quarter, with sales reaching $69.70 billion, beating expectations -analysis. Smartphone sales accounted for more than half of total revenue in the quarter.
2024-04-16 00:28:09
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