TECH - Apple's iPhone Shipments Dip 10% While Overall Market Grows 7.8% Samsung Reclaims Top Spot | Benzinga
In the first quarter of 2024, Apple Inc. (NASDAQ:AAPL) reportedly experienced a significant decline in iPhone shipments, while its Android competitors saw a rise.
What Happened: Apple’s iPhone shipments fell by nearly 10% in the first quarter. The global smartphone market, however, saw a 7.8% increase in shipments, reaching 289.4 million units, reported Bloomberg, citing a report by IDC.
Samsung Electronics Co. (OTC:SSNLF) reclaimed the top position, while budget-focused brand Transsion saw an 85% surge in shipments.
Apple’s struggles in China, the largest smartphone market globally, have impacted its overall performance. According to IDC’s preliminary figures, the company shipped five million fewer iPhones than the previous year.
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