"Decline in iPhone Shipments as Android Competitors Gain Ground"

Apple's iPhone shipments dropped nearly 10% in the first quarter of the year, while the global smartphone market saw a 7.8% rise in shipments, with Samsung regaining the top spot. Budget-focused brand Transsion experienced an 85% jump in shipments, and Xiaomi Corp. closed the gap on second-place Apple. Apple's struggles in China have impacted its global results, with the company shipping 5 million fewer iPhones than the previous year. Despite rising average selling prices for handsets, Apple has resorted to discounts to boost sales, particularly in China.