iPhone Sees Another Dip in Market Share

 In News & Press Releases, Product Releases/ Updates

According to a recent article in Fortune Magazine, Apple saw another small dip in its smartphone market share in the first quarter. The cause – increasing competition out of China.

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

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