1. Apple iPhone Sales Slump Nearly 10% as China Rivals Rise.
- Author
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Huang, Jiahui and Otto, Ben
- Subjects
- *
TELECOMMUNICATION equipment , *DURABLE consumer goods , *HOUSEHOLD electronics , *VIDEO equipment , *HOME furnishings - Abstract
According to a report from research firm International Data Corporation, Apple's iPhone shipments fell 9.6% in the first quarter, resulting in a decrease in global smartphone shipments for the company. This allowed Samsung Electronics to reclaim its position as the top seller of smartphones worldwide. Apple's market share also declined, while Chinese companies Xiaomi and Transsion saw significant growth in their sales. Despite challenging economic conditions, the overall smartphone market is showing signs of recovery, with consumers opting for more expensive devices and holding onto them for longer periods. [Extracted from the article]
- Published
- 2024