Apple has lost its position as the world’s top phonemaker to Samsung in the first quarter of 2024 as its shipments have dropped around 10%, a report says.
From January to March, Samsung captured a 20.8% market share, followed by Apple with 17.3% and China-based Xiaomi with 14.1%, Reuters reported, citing data from research firm IDC.
Samsung, which recently released the Galaxy S24 series phones, shipped more than 60 million devices during the first quarter, Reuters added.
SAMSUNG UNVEILS GALAXY S24 SMARTPHONES Overall, global smartphone shipments increased 7.8% to 289.4 million units during the first quarter of 2024, the report added.
It also said Apple phone shipments in China plunged 2.1% during the last quarter of 2023 compared to the year prior.
Ticker Security Last Change Change % AAPL APPLE INC. 176.55 +1.51 +0.86% Apple and Samsung did not immediately respond Monday to a request for comment from FOX Business.
APPLE LAYING OFF 614 CALIFORNIA WORKERS AFTER SCRAPPING ELECTRIC CAR PROJECT At a Galaxy S24 launch event in January, Galaxy AI, the artificial intelligence technology Samsung has incorporated into its newest smartphones, received a spotlight.
Samsung said it has deployed Galaxy AI for tools like Live Translate for talking or texting on the phones and Interpreter for face-to-face conversations.
According to a report, Apple’s phone shipments fell by about 10% in the first quarter of 2024, which caused it to lose its position as the world’s leading phone manufacturer to Samsung.
According to data from research firm IDC, which was cited by Reuters, Samsung held a 20.8% market share from January to March. Apple came in second with a 17% share, while China-based Xiaomi secured a 14.1% share.
More than 60 million Samsung devices were shipped in the first quarter, according to Reuters, the company that recently unveiled the Galaxy S24 series of phones.
According to the news agency, which quoted IDC, Apple shipped just 50 point one million iPhones during the same three-month period last year, as opposed to 55 point four million units.
SONY ANNOUNCES THE GALAXY S24 SMARTPHONES.
According to the report, worldwide shipments of smartphones rose by 7.8% to 289,04 million units in the first quarter of 2024.
Additionally, it stated that, in comparison to the same quarter in the previous year, Apple phone shipments to China fell by 2 points 1 percent in the final quarter of 2023.
Last Change Percentage of Ticker Security for Apple Inc. 176 points plus 1 point plus 0 percent is +1 points.
FOX Business requested comment on Monday, and neither Apple nor Samsung responded right away.
Apple terminated 614 employees in California following the collapse of the electric car project.
Galaxy AI, the artificial intelligence technology that Samsung has integrated into its newest smartphones, was highlighted during a January Galaxy S24 launch event. Samsung declared that a “new era of mobile AI” would be unveiled. “.”.
Samsung announced that Galaxy AI has been implemented for features like Face-to-Face Interpreter and Live Translation for messaging or phone calls. According to the company, AI on the newest smartphones can also assist with message tonality, create note summaries, and convert voice recordings into text.
It also debuted “Circle to Search,” a Google feature that lets users “tap, highlight, scribble, or circle anything on the Galaxy S24’s screen to see relevant, high-quality search results.”. ****.
The announcement coincides with Apple laying off 614 employees in California in response to rumors that the tech giant is giving up on its project to create an electric vehicle that surfaced earlier this year.
The job cuts will affect eight Santa Clara County offices and take effect on May 27, according to a state filing from Apple.
