Apple now has the lion’s share of the global smartphone market, knocking Samsung off the top spot for the first time in 12 years.
The American phone giant accounted for more than a fifth of phones shipped last year, according to data from the International Data Corporation (IDC).
Samsung took 19.4% of the market share with Chinese phonemakers Xiaomi, OPPO and Transsion following behind.
Smartphone sales have been faltering as many people upgraded in the pandemic.
The IDC reports that almost 1.2 billion smartphones were sold last year – a drop of more than 3% on the previous year. It is the lowest amount sold in a decade, with many consumers tightening their purse strings in the face of economic challenges and high interest rates. Experts predict the market will recover this year.
Apple’s rise
Still, the IDC said Apple – which sold more than 234 million phones last year – is “the biggest winner”.
“Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever,” said the IDC’s Nabila Popal.
“All this despite facing increased regulatory challenges and renewed competition from Huawei in China, its largest market.”
Huawei has recently made strides in making its own chips, after being banned from buying chips that were made using US technology over claims the company poses a national security risk to Washington.
Offers to trade in old models as well as interest-free financing plans are also driving demand for premium devices like Apple.
Samsung slump
It’s disappointing news for Samsung which – until now – had the top spot as the world’s largest maker of memory chips, smartphones and televisions.
Recently, the South Korean electronics giant warned its profits would drop more than expected as global demand for consumer electronics remains weak.
It is also facing competition from cheaper Android models including Transsion and Xiaomi which are getting a boost from both price-savvy consumers and emerging markets.
The IDC also said the smartphone market is entering a “very interesting time”, with a growing number of Android-providers splintering the market and customers increasingly prioritising foldable phones and AI capabilities.
14 comments
Hey there! I’m at work browsing your blog from my new iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the outstanding work!
FitSpresso: An Outline FitSpresso is a weight management formula made using five herbal ingredients.
I?¦m now not sure the place you are getting your information, but great topic. I must spend some time finding out more or understanding more. Thanks for fantastic info I was looking for this information for my mission.
Some times its a pain in the ass to read what website owners wrote but this site is really user genial! .
There are actually numerous particulars like that to take into consideration. That may be a great point to bring up. I provide the thoughts above as common inspiration but clearly there are questions like the one you deliver up the place the most important factor can be working in trustworthy good faith. I don?t know if greatest practices have emerged round issues like that, but I’m sure that your job is clearly identified as a good game. Each girls and boys feel the impact of just a moment’s pleasure, for the rest of their lives.
Loving the info on this internet site, you have done great job on the content.
I precisely had to thank you so much yet again. I am not sure the things that I would’ve accomplished in the absence of these tips and hints documented by you on my concern. Previously it was a very frightful condition in my circumstances, however , discovering your well-written form you handled it forced me to cry over happiness. I will be thankful for this help and thus wish you find out what an amazing job you happen to be carrying out educating most people via your websites. I am certain you have never come across any of us.
Hello there, just turned into aware of your blog thru Google, and found that it is really informative. I am going to watch out for brussels. I will be grateful in case you proceed this in future. Many other folks will likely be benefited from your writing. Cheers!
I visited a lot of website but I think this one has got something extra in it in it
Hello. excellent job. I did not expect this. This is a splendid story. Thanks!
I dugg some of you post as I thought they were extremely helpful very useful
This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
Thank you for some other magnificent article. Where else may anybody get that kind of info in such an ideal approach of writing? I’ve a presentation next week, and I’m on the search for such information.