April 17, 2024
Apple Tops Smartphone Market for the First Time [IDC]

Apple Tops Smartphone Market for the First Time [IDC]

Posted January 16, 2024 at 4:38pm by iClarified
Apple beat Samsung and topped the global smartphone for the very first time in 2023, according to a new report from IDC. Samsung has topped the charts since 2010, shipping the most units globally, until now.

The last time a company not named Samsung was at the top of the smartphone market was 2010, and for 2023 it is now Apple. A sort of shifting of power at the top of the largest consumer electronics market was driven by an all-time high market share for Apple and a first time at the top.

IDC says that the global smartphone market remains challenged, but is moving towards recovery. Shipments declined 3.2% year over year to 1.17 billion in 2023. This is the lowest full-year volume in a decade; however, the fourth quarter (4Q23) saw 8.5% year-over-year growth and 326.1 million shipments, higher than the forecast of 7.3% growth.


"While we saw some strong growth from low-end Android players like Transsion and Xiaomi in the second half of 2023, stemming from rapid growth in emerging markets, the biggest winner is clearly Apple," said Nabila Popal, research director with IDC's Worldwide Tracker team. "Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever. All this despite facing increased regulatory challenges and renewed competition from Huawei in China, its largest market. Apple's ongoing success and resilience is in large part due to the increasing trend of premium devices, which now represent over 20% of the market, fueled by aggressive trade-in offers and interest-free financing plans."

"The overall shift in ranking at the top of the market further highlights the intensity of competition within the smartphone market," said Ryan Reith, group vice president with IDC's Worldwide Mobility and Consumer Device Trackers. "Apple certainly played a part in Samsung's drop in rank, but the overall Android space is diversifying within itself. Huawei is back and making inroads quickly within China, Brands like OnePlus, Honor, Google, and others are launching very competitive devices in the lower price range of the high end. And foldables and increased discussions around AI capabilities on the smartphone are gaining traction. Overall, the smartphone space is headed towards a very interesting time."

More details in the full report linked below...

Read More



Apple Tops Smartphone Market for the First Time [IDC]

Apple Tops Smartphone Market for the First Time [IDC]
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments
You must login or register to add a comment...
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Where to Download macOS Monterey
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.
DEALS