(CTN News) – Due to selling more smartphones than ever before, Apple has surpassed Samsung as the world’s leading smartphone manufacturer for the first time in a 12-year period.
According to news, the American phone behemoth accounted for more than one fifth of all phones shipped last year, according to International Data Corporation (IDC).
A total of 19.4% of the market is held by three Chinese phone manufacturers, Xiaomi, OPPO, and Transsion.
During the outbreak, so many people upgraded their smartphones. As a result, smartphone sales have decreased.
Last year, nearly 1.2 billion smartphones were sold, according to IDC, a decrease of more than 3% over the previous year. Due to the economic downturn and rising interest rates, many consumers have tightened their purse strings, resulting in the lowest number of sales in over a decade. A recovery in the market is expected this year, according to industry experts.
Although Apple, which sold over 234 million phones in 2017, was deemed “the biggest winner” by IDC.
The IDC’s Nabila Popal noted, “Not only is Apple the only player in the Top 3 that shows positive growth annually, but the company also grabs the number one spot for the first time ever.”
The company has achieved this despite increased regulatory challenges and renewed competition from Huawei in China, its largest market.
Despite allegations that Huawei poses a national security threat to the United States, Huawei has recently made progress in producing its own processors.
Demand for high-end gadgets like Apple is also being boosted by interest-free financing options and opportunities to trade in outdated models.
It is unfortunate news for Samsung, which has been the world’s leading manufacturer of memory chips, cellphones, and televisions until now.
According Apple of South Korean electronics, revenues will decline faster than anticipated as a result of sluggish worldwide demand for consumer electronics.
Furthermore, it faces competition from less expensive Android devices such as Xiaomi and Transsion, which are becoming more popular in emerging economies and with price-conscious consumers.
As more Android providers enter the market and consumers prefer foldable phones with artificial intelligence, IDC predicts an “interesting time” for the smartphone industry.