Apple’s Iphone shipments dropped by around 10% in the 1st quarter of 2024, handing more than the global top spot to South Korean rival Samsung.
Worldwide smartphone shipments amplified 7.8% to 289.4 million units all through January-March, info from research business IDC showed, with Samsung, with a 20.8% sector share, clinching the major phonemaker spot from Apple.
The Iphone-maker’s steep product sales decline will come right after its potent general performance in the December quarter when it overtook Samsung as the planet’s No1 mobile phone maker. It’s back to the next spot, with 17.3% market share, as Chinese brands this kind of as Huawei attain marketplace share.
Xiaomi, 1 of China’s top smartphone makers, occupied the 3rd position with a industry share of 14.1% for the duration of the to start with quarter.
South Korea’s Samsung, which introduced its latest flagship smartphone lineup – Galaxy S24 sequence – in the commencing of the yr, transported far more than 60 million telephones throughout the period.
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International revenue of Galaxy S24 smartphones jumped 8%, in contrast to past yr’s Galaxy S23 series throughout their to start with 3 weeks of availability, details provider Counterpoint previously explained.
In the initially quarter, Apple transported 50.1 million iPhones, down from 55.4 million models it transported exact period of time last calendar year, according to IDC.
Apple’s smartphone shipments in China shrank 2.1% in the ultimate quarter of 2023 from a yr previously.
The drop underscores the troubles struggling with the US agency in its third greatest market place, as some Chinese corporations and federal government organizations restrict workforce’ use of Apple products, a measure that mirrors U.S. govt constraints on Chinese apps on stability grounds.
The Cupertino, California-based mostly business in June will hold its Around the world Developers Conference (WWDC), wherever it will highlight updates to the application powering iPhones, iPads, and other Apple devices.
Investors are carefully seeing for updates on artificial intelligence growth at Apple, which has so far spoken minor about incorporating the AI engineering into its units.
The business before this calendar year missing the crown as the entire world’s most useful company to Microsoft.
- Reuters with additional modifying by Sean O’Meara
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