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Apple Was the Only Major Smartphone Vendor to See Growth in Q2 2020 [Report]

Apple Was the Only Major Smartphone Vendor to See Growth in Q2 2020 [Report]

Posted July 31, 2020 at 3:17am by iClarified · 5485 views
Apple was the only major smartphone vendor to see growth in the second quarter of 2020, according to a new report from Canalys.

The global smartphone market plummeted 14% in Q2 2020, with Apple the only top vendor to grow. It shipped 45.1 million iPhones globally, a growth of 25% compared to the previous year. The smartphone market worldwide fell to 285 million units, a second consecutive quarter of freefall, as lockdown orders caused by the COVID-19 pandemic persisted through April and May. In addition, market share leadership rankings changed as Huawei toppled Samsung. Huawei shipped 55.8 million units, compared to Samsung’s 53.7 million in Q2 2020. Xiaomi came fourth, shipping 28.8 million units, which was down 10%, and Oppo reclaimed fifth place from Vivo, shipping 25.8 million units with a 16% decline.

“Apple defied expectations in Q2. Its new iPhone SE was critical in the quarter, accounting for around 28% of its global volume, while iPhone 11 remained a strong best-seller at nearly 40%. iPhone SE will remain crucial to prop up volume this year, amid delays to Apple’s next flagship release,” said Canalys Analyst, Vincent Thielke. “In China, it had blockbuster results, growing 35% to reach 7.7 million units. It is unusual for Apple’s Q2 shipments to increase sequentially. As well as the new iPhone SE, Apple is also demonstrating skills in new user acquisition. It adapted quickly to the pandemic, doubling down on the digital customer experience as stay-at-home measures drive more customers to online channels.”


Apple announced earnings today of $59.7 billion in revenue and $11.3 billion in net income. You can read the full earnings release here.

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Apple Was the Only Major Smartphone Vendor to See Growth in Q2 2020 [Report]

Apple Was the Only Major Smartphone Vendor to See Growth in Q2 2020 [Report]


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