You are here: Home » International » News » Companies
Business Standard

Apple's records 20% surge in global smartphone market share over 1 year

Apple has registered 20 per cent growth in the global smartphone market from the first quarter of 2021 till the same period this year, a new report showed on Monday.

Topics
Apple  | iPhone | Companies

IANS  |  San Francisco 

In the past two and half decades Apple’s journey in India has been slow but steady

has registered 20 per cent growth in the global smartphone market from the first quarter of 2021 till the same period this year, a new report showed on Monday.

According to a report by Europe-based online shopping platform Burga, is gaining ground in market share despite the company's smartphones mainly being considered expensive compared to competitors.

Amid the company's growth, the smartphone space is still faced with challenges, including component shortages, price inflation and the overall economic uncertainty resulting from the pandemic recovery.

"However, the company has significantly expanded its reach in recent years by exploring new opportunities like capitalizing on the growing used smartphones sector, especially across the emerging markets," said the report.

In the coming quarters, the smartphone market share will likely shift, depending on how the react to factors like semiconductor shortages.

Manufacturers that will adopt mitigation measures like designing in-house semiconductors will likely emerge on top, the report mentioned.

"Additionally, continues to benefit significantly from specific markets like the United States, maintaining a lead by solid margins. The dominance in North America is from the increasing discretionary spending and introduction of 5G at lower price devices," it added.

Besides the 13 series capturing the consumer demand, the SE is also standing out as a critical mid-range smartphone driving Apple's market share.

Recently. Apple said it sold iPhones worth $50.6 billion in its March quarter -- a 5 per cent increase year-over-year -- despite global supply issues rising from the Russia-Ukraine war and China lockdowns.

--IANS

vu/na

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 02 2022. 19:53 IST
RECOMMENDED FOR YOU
.