HomeEconomyApple loses top smartphone spot to Samsung as iPhone sales drop

Apple loses top smartphone spot to Samsung as iPhone sales drop

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Apple’s smartphone shipments plunged about 10% within the first quarter of the 12 months, harm by intensifying competitors by Android smartphone makers, leaving the highest market spot for South Korean Samsung, knowledge from analysis agency IDC confirmed on Sunday.

Global smartphone shipments elevated 7.8% to 289.4 million models throughout January-March, with Samsung claiming a 20.8% market share and clinching the highest telephone maker spot from Apple.

The iPhone maker’s steep gross sales decline comes after its sturdy efficiency within the December quarter when it overtook Samsung because the world’s No.1 telephone maker. It’s again to the second spot, with a 17.3% market share, as Chinese manufacturers corresponding to Huawei acquire market share.

Xiaomi, one in all China’s high smartphone makers, occupied the third place with a market share of 14.1% through the first quarter of 2024.

South Korea’s Samsung, which launched its newest flagship smartphone lineup – Galaxy S24 collection – originally of the 12 months, shipped greater than 60 million telephones through the interval.

Data supplier Counterpoint beforehand mentioned that world gross sales of the Galaxy S24 smartphones jumped 8% in comparison with final 12 months’s Galaxy S23 collection throughout their first three weeks of availability.

According to IDC, Apple shipped 50.1 million iPhones within the first quarter, down from the 55.4 million models it shipped throughout the identical interval final 12 months.

Apple’s smartphone shipments in China shrank 2.1% within the remaining quarter of 2023 from a 12 months earlier.

The drop underscores the challenges going through the U.S. agency in its third greatest market, as some Chinese firms and authorities companies restrict staff’ use of Apple units – a measure mirroring U.S. authorities restrictions on Chinese apps.

The Cupertino, a California-based firm, will maintain its Worldwide Developers Conference (WWDC) in June, the place it’s set to focus on updates to the software program powering iPhones, iPads, and different Apple units.

Investors are intently anticipating updates on Apple’s synthetic intelligence growth. The firm has spoken little about incorporating AI expertise into its units. Earlier this 12 months, it misplaced the crown because the world’s most dear firm to Microsoft.

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