For the first time in 12 years, Apple has surpassed Samsung to take the lead in the global smartphone market, accounting for over 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 phone makers Xiaomi, OPPO, and Transsion following behind, the BBC reported.
The IDC reports a 3% drop in smartphone sales last year, with nearly 1.2 billion sold, the lowest in a decade. This is due to economic challenges and high-interest rates, while experts predict a recovery in the market this year.
Nonetheless, Apple was IDC’s “biggest winner” as it sold in excess of 234 million telephones a year ago.
“In addition to the fact that apple is the main player in the Best 3 to show positive development yearly, yet additionally sacks the number 1 spot yearly unexpectedly,” said the IDC’s Nabila Popal.
“This regardless of confronting expanded administrative difficulties and reestablished rivalry from Huawei in China, its biggest market.”
Huawei has gained ground in creating its chips subsequent to being restricted from US-made chips because of public safety concerns.
Sans interest supporting plans and exchange offers are driving interest for premium gadgets like Apple, helping the organization’s seriousness.
Samsung, already the world’s biggest creator of memory chips, cell phones, and TVs, has been hit with frustrating information.
South Korea’s gadgets monster, Samsung, has cautioned that benefits might decline because of feeble worldwide shopper hardware interest and rivalry from less expensive Android models like Transsion and Xiaomi.
These brands are acquiring prominence from cost cognizant customers and developing business sectors.
The IDC predicts a “exceptionally fascinating time” in the cell phone market, with expanding rivalry from Android suppliers and a developing spotlight on foldable telephones and computer based intelligence capacities.
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