Apr 15, 2024 12:21 PM
BUSINESS
Apple’s iPhone Shipments Plunge 10% as Android Rivals Rise
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Apple shipped 5 million fewer iPhones in the first quarter than it did a year earlier, according to IDC. Photo: Bloomberg
(Bloomberg) — Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC.
The global mobile market rose to 289.4 million handsets shipped, marking a 7.8% rise from a year ago. Samsung Electronics Co. Ltd. regained the top spot. Budget-focused brand Transsion jumped 85% in shipments, while Xiaomi Corp. bounced back to close the gap on second-place Apple.
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