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Apple's smartphone sales took a hit, dropping around 10% in the first quarter of 2024, as competition from Android makers intensified. Samsung took the top spot, grabbing 20.8% of the market share, pushing Apple to second place with 17.3%. Chinese brands like Huawei are gaining ground, with Xiaomi securing the third spot with a 14.1% market share. Despite launching its Galaxy S24 series, Samsung's market dominance grew, shipping over 60 million phones in the period. Meanwhile, Apple's iPhone shipments declined to 50.1 million units. In China, Apple faced a 2.1% decrease in smartphone shipments, reflecting challenges from Chinese competitors and government restrictions. Read more details at the link in bio! #TechNews #Smartphones #Competition #MarketShare #Samsung #Apple #Huawei #Xiaomi #GalaxyS24 #iPhone #ChinaMarket #Investing #AI #TechNews #StockMarket #Innovation #TechStocks #Investing #MarketTrends #AIInnovation #TechUpdates #Finance

Huawei unveiled its groundbreaking Mate XT, the world’s first trifold smartphone, in a keynote by Richard Yu at their Shenzhen headquarters. Launching on September 20 with a starting price of $2,800, the Mate XT features a sleek red and gold design that transforms into a 10.2-inch tablet. Despite its high cost, over three million people have registered interest. The announcement comes just after Apple introduced its AI-focused iPhone 16. Analysts believe the Mate XT will solidify Huawei's leadership in the foldable phone sector, though its impact on Apple's market share remains uncertain due to the latter's strong presence in China. Huawei, once crippled by US sanctions, has made a significant comeback, now being China’s fourth-largest smartphone maker and leading the foldable phone market in the first half of 2024. #HuaweiMateXT #TrifoldPhone #SmartphoneInnovation #TechLaunch #FoldablePhones #AppleiPhone16 #RichardYu #HuaweiVsApple #TechNews #MobileTech

Latest from Counterpoint Research on the world's largest smartphone market: China 💹 China’s Smartphone Sales Up 6% YoY in Q2 2024 as Demand Recovers 💹vivo solidifies top spot driven by rich product portfolio and strong national distribution network. 💹Apple sees a single-digit YoY decline despite the increase in Pro series’ share. 💹Generative AI features are now making their way into the mid-range, we expect this to tighten competition in Q3 as brands start update cycles on premium models. More here from Archie Qi Zhang and team #China #Smartphone #Apple #Huawei #Honor

Apple rejoined the ranks of the top five smartphone providers in the Chinese market in the third quarter, helped by the launch of the iPhone 16, data showed. Apple’s shipment growth was flat year-on-year in the second quarter. The company took the second position by market share in the third quarter. Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company’s smartphone shipments in China grew 42% year-on-year. . . . #Apple #iPhone16 #Huawei #SmartphoneMarket #China #TechNews #MarketShare #IDCData #AppleVsHuawei #MobileIndustry #BusinessUpdate #TrendingNow #ExplorePage #ViralPost #TechTrends #Innovation #MarketGrowth #NewPost #CompanyNews #Trending

Apple's smartphone shipments dropped 10% in Q1 2024, facing tough competition from Android makers. Samsung overtakes Apple as the top phone maker with 20.8% market share. #Chinese brands like #Huawei gain ground. #Xiaomi secures third place with 14.1% market share. Samsung's #Galaxy S24 series sees strong sales, shipping over 60 million units. Apple shipped 50.1 million #iPhones. Challenges in China include restrictions on Apple devices. Investors await Apple's WWDC for updates on AI development. #Apple #Samsung #Smartphones 📉 Samsung Overtakes Apple as Top #Phonemaker as iPhone Shipments Drop:https://lnkd.in/gkg_WH5S

Big trends and insights below on crucial emerging markets in Southeast Asia! 📣OPPO and Samsung Electronics tie at Top! 📣TRANSSION HOLDINGS grows 58% YoY 📣Xiaomi Technology grows 15% 📣region grows 11% in shipments 📣 <$100 segment grows to 30% share from 20% last year. 📣Phillipines and Thailand lead growth in region with 25% and 13% YoY growth thanks to transitions push into Phillipines and successful model launches, financing plans, and rolling out of digital Wallet program in Thailand! Eric Prothero Kiranjeet Kaur Bryan Ma Francisco Jeronimo Will Wong Kitty Fok Antonio Wang Phil Solis Anthony Scarsella Dr. Ramazan Yavuz Jyoti Lalchandani Erin Johnston Jackie Kliem Kevin Kane Akash B. Angela Jenny Medez IDC | MEA IDC IDC Europe IDC | India Navkendar Singh Monika Kumar Michelle O'Mahoney Joana Tavares Vanessa Aurelia

#OPPO & #Samsung tie for the first spot in Southeast Asia's #smartphone market for Q3 2024. #Transsion takes the spotlight with a massive 58% YoY growth, while Xiaomi grew double-digits at 15%. <$100 smartphones now claim 30% of the Southeast Asian market, signaling a shift in consumer priorities. Southeast Asia's smartphone market is thriving with an 11% YoY increase in Q3 2024 Kiranjeet Kaur Nabila Popal Will Wong Bryan Ma Vanessa Aurelia IDC Asia/Pacific Avneesh Saxena #smartphone market insights: ow.ly/3gVs50TCzj2

#Samsung Reigns Supreme in the #Smartphone #Market #Top #Companies by #Global #Smartphone #Market #Share. As of Q2 2024, #Samsung leads the global smartphone market with an 18.9% share, shipping 53.9 million units. #Apple follows at 15.8%, while #Xiaomi holds 14.8%. Despite being the leader for years, Samsung faces competition from Apple and Chinese brands like #Xiaomi, #vivo, and #OPPO. Apple briefly overtook Samsung in 2023 but has seen declining demand in #China. #Xiaomi continues to grow its share steadily. #SmartphoneMarket #Samsung #Apple #Xiaomi #TechIndustry #GlobalMarket #Q22024 #MobileIndustry #TechTrends #MarketShare https://lnkd.in/dKKUhifW

Huawei Smartphone Shipments Surge as Apple Retains Top Spot in China The Chinese smartphone market continues to see shifting dynamics, with Huawei making significant strides in regaining its market share while Apple maintains its position as the leader. Despite a 5% drop in iPhone shipments, Apple still holds the top spot in China’s competitive smartphone sector. Meanwhile, Huawei’s strong performance signals a resurgence, thanks to its strategic moves in the market and new product offerings that are resonating with Chinese consumers. Read More :- https://lnkd.in/gGp8QC8n #Huawei #Apple #SmartphoneMarket #ChinaTech #iPhone #SmartphoneShipments #HuaweiResurgence #TechCompetition #MobileMarket #Xiaomi #Oppo #Vivo #USSanctions #ChineseSmartphones #TechInnovation #SmartphoneTrends #MobileIndustry #ConsumerElectronics #SmartphoneGrowth #TechNews #MarketDynamics #TechStrategy #PremiumSmartphones #MobileCompetition