All articles tagged with #global shipments
China's exports to the US declined by 27% in September amid ongoing trade tensions, while its global exports increased by 8.3%, driven by growth in Southeast Asia, Latin America, and Africa. Despite resilience in overall exports, uncertainties due to tariffs and export controls persist, complicating future trade prospects.
Samsung has regained its position as the leader in global smartphone shipments, surpassing Apple in the first quarter of 2024, according to the IDC Mobile Phone Tracker. Despite a slight decrease in shipments, Samsung shipped 60.1 million units, representing 20.8 percent of the market share, while Apple shipped 50.1 million units for 17.3 percent. The top five brands remained the same as in 2023, with Xiaomi, Transsion, and OPPO following Samsung and Apple. The IDC sees this as a sign of a strengthening smartphone market, with a shift in power among the top companies and growth in average selling prices.
Apple has surpassed Samsung to become the top-selling smartphone brand in 2023, with 234.6 million shipments compared to Samsung's 226.6 million. This marks the first time since 2010 that a company other than Samsung has led the market. Despite increased regulatory challenges and competition from Huawei in China, Apple's success is attributed to the increasing trend of premium devices and aggressive trade-in offers. The global smartphone market saw a 3.2% decline in shipments in 2023, but a recovery is expected in 2024, with the fourth quarter showing 8.5% year-over-year growth.
Samsung has been dethroned as the top global smartphone vendor by Apple, according to IDC's latest report on global shipments of smartphones. Apple achieved 234.6 million phone shipments in 2023, surpassing Samsung's 226.6 million shipments. This marks the first time since 2010 that a company other than Samsung has held the top spot. The global smartphone market saw a 3.2% decline in shipments, with Apple's success attributed to the increasing trend of premium devices. Other top vendors included Xiaomi, OPPO, and Transsion.
Apple has surpassed Samsung as the top global smartphone manufacturer for the first time in 13 years, with a 20.1% market share compared to Samsung's 19.4%. Apple's positive growth in shipments, despite facing regulatory challenges and competition, contributed to this shift. Factors such as strong sales of iPhone models, diversification in the Android market, and the resurgence of Huawei and other brands impacted Samsung's rank. The overall smartphone market declined by 3.2% in 2023, but a late-year growth spurt suggests a potential recovery, driven by foldable devices and increased interest in AI capabilities.
The global smartphone market is expected to decline in 2023, reaching the lowest level of shipments in a decade, due to a combination of factors including the pandemic, economic challenges, and a lack of exciting new smartphone technology. However, market intelligence company IDC predicts that Apple's iPhone market share will reach an all-time high this year, defying the overall market trend. IDC expects iOS shipments to grow by 1.1% in 2023, reaching a share of 19.9%, while Android is forecasted to decline by 6.0%. Apple's success is attributed to trade-in deals, buy-now, pay-later schemes, and efforts to persuade both iPhone and Android users to upgrade.
Apple is on the verge of becoming the world's top smartphone maker, with the upcoming iPhone 15 series potentially helping it achieve this milestone. Despite a slowdown in smartphone shipments, market research firm Counterpoint predicts that Apple is just a few days away from surpassing Samsung. However, there are concerns about iPhone demand, particularly in the Chinese and US markets. Nevertheless, if Apple can overcome production issues, 2023 could mark a new era for the company as it aims to become the global leader in annual smartphone shipments for the first time.