Big problems for Apple in China.

Sharing is Caring!

Apple loses mantle as world’s biggest phone seller to Samsung as China sales drop
South Korean firm regains pole position amid biggest drop in iPhone sales since Covid-19 lockdowns

Apple has lost its spot as the world’s biggest mobile phone seller after a steep sales drop as South Korean rival Samsung retook the lead in the global market share.

See also  China blames US ‘sabotage’ after Panama exits Their Belt and Road Initiative

Samsung had been the biggest seller of mobile phones for 12 years until the end of 2023, when sales of Apple’s iPhone models overtook it.

Global smartphone shipments increased by 8% to 289.4m units during January-March, according to research firm IDC. Samsung won a 20.8% market share, beating Apple’s 17.3% share, which has been dented by slowing sales in China.

See also  Crazy stat: “China today accounts for around 27% of global industrial production, up from 24% in 2018. By 2030, the UN predicts, China’s share of industry will have risen to 45%” - WSJ

IDC said that Apple shipped 50.1m iPhones in the first quarter, down from the 55.4m units it shipped in the same period last year. It was the biggest drop in iPhone sales since Covid-19 lockdowns caused global supply chain chaos in 2022.

https://www.theguardian.com/business/2024/apr/15/apples-loses-mantle-as-worlds-biggest-phone-seller-to-samsung-as-china-sales-drop


136 views