Apple loses top phonemaker spot to Samsung as iPhone shipments drop
Apple's smartphone shipments dropped about 10 percent in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot.
Apple loses top phonemaker spot to Samsung as iPhone shipments drop
The Economics of Geography

Apple loses top phonemaker spot to Samsung as iPhone shipments drop

Photo: AFP/Mark Cheong
Eurasia 18/04/2024 17:01

Apple's smartphone shipments dropped about 10 percent in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot.

Global smartphone shipments increased 7.8 percent to 289.4 million units during January-March, with Samsung at 20.8 percent market share, clinching the top phonemaker spot from Apple, Reuters reported.

The iPhone-maker's steep sales decline comes after its strong performance in the December quarter when it overtook Samsung as the world's No.1 phone maker. It's back to the second spot, with 17.3 percent market share, as Chinese brands such as Huawei gain market share.

Xiaomi, one of China's top smartphone makers, occupied the third position with a market share of 14.1 percent during the first quarter.

South Korea's Samsung, which launched its latest flagship smartphone lineup - Galaxy S24 series - in the beginning of the year, shipped more than 60 million phones during the period.

Global sales of Galaxy S24 smartphones jumped 8%, compared to last year's Galaxy S23 series during their first three weeks of availability, data provider Counterpoint previously said.

In the first quarter, Apple shipped 50.1 million iPhones, down from 55.4 million units it shipped same period last year, according to IDC.

Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from a year earlier.
#Samsung #Xiaomi #Apple
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