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  • Writer's pictureRealFacts Editorial Team

Apple Faces Decline in Global iPhone Shipments as Chinese Rivals Surge

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This week, vice president at IDC Worldwide Mobility and Consumer Device Trackers, Ryan Reith, saying, “While IDC expects these two companies to maintain their hold on the high end of the market, the resurgence of Huawei in China, as well as notable gains from Xiaomi, Transsion, OPPO/OnePlus, and vivo will likely have both OEMs looking for areas to expand and diversify,” In the dynamic realm of the smartphone market, recent insights from the International Data Corp reveal a significant shift in the landscape.

Apple, once dominating, encountered a substantial setback in the first quarter of 2024, witnessing a sharp decline of nearly 10% in global iPhone shipments. This decline simply contrasts with the strong double-digit growth seen by Chinese rivals Xiaomi and Transsion, indicating a significant shift in industry dynamics.

Formerly seated at the peak of the market, Apple now finds itself relegated to second place as Samsung reclaims its throne. Apple's market share has dwindled to 17.3%, marking a notable descent from the previous year's 20.7%, underlining the mounting pressure, particularly in light of Huawei's resurgence, posing an alarming challenge, particularly in the Chinese market.

The ascent of Xiaomi and Transsion marks a remarkable journey. Xiaomi's shipments surged by 33.8%, cementing its position as the third-largest smartphone manufacturer, while Transsion's remarkable 84.9% leap catapults it into the top five, establishing a strong presence in the industry. Despite these successes, Oppo saw an 8.5% decline in shipments, highlighting the market's inherent volatility, where triumphs can quickly turn into setbacks. Nonetheless, amid this competitive landscape, the overall growth in smartphone shipments presents a positive outlook for the industry, signaling a resilient recovery despite prevailing macroeconomic challenges.

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