Apple and Chinese Brands Compete in the Global Smartphone Market
Monday, 15 July 2024, 12:22
Global iPhone Shipments
In the fourth quarter of 2024, Apple and Samsung posted increased sales compared to the previous year. However, the rise in competition from Chinese brands like Xiaomi resulted in Apple's decline in market share.
Market Share Dynamics
The iPhone's market share faced challenges from its Chinese rivals even with rising shipments. Apple's performance was overshadowed by the fierce competition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.