iPhone Sees Another Dip in Market Share
The iPhone’s market share was at 13.7 percent, putting it second to fellow tech giant, Samsung, which has a smartphone market share of 20.7 percent. This is just over a percentage point decrease from Q1 2016 when Apple had a 14.8 percent share. According to the article, most of the share was taken from Chinese competitor, Huawei, who grew its market share from 8.3 percent in 2016 to 9 percent last quarter.
The quarterly performance results come at a time when Apple is seeking to become the first ever company with a $1 trillion valuation. We don’t think this is too concerning for Apple or the iPhone. The iPhone 8 release, while rumored to be slightly delayed, is expected to be one of the biggest product releases by Apple in a long time.
What do you think about the iPhone losing market share to Chinese competitors? Any feelings about Apple possibly being the first company with a $1 trillion valuation? Let us know in the comments section.
Source: Fortune Magazine