According to data from International Data Corporation (IDC), Apple accounted for more than 20 percent of the smartphones sold worldwide last year, while Samsung’s share in the smartphone market was 19.4 percent.
In addition to Apple and Samsung, the remaining three companies in the list of the five largest smartphone manufacturers in the world are from China, which include Xiaomi, Oppo, and Transsion.
The sales of smartphones have declined significantly over the past few years. One of the reasons for this is that many people bought new phones during the global epidemic of Corona.
According to the IDC report, a total of 1.2 billion smartphones were sold in 2023, which is three percent less than last year.
It is also said to be the lowest sale in the last decade. One of the main reasons for this is economic difficulties and rising interest rates.
Experts say that there are chances of improvement in the smartphone market this year.
It was earlier speculated that China would go on the back foot in terms of mobile manufacturing after the US imposed restrictions on China’s technology chips. However, China fought these restrictions very well. Initially, China stockpiled a large amount of chips and then started making their own chips. Due to this, three Chinese companies after Apple and Samsung. Got a place in the top 5 smartphone manufacturing companies.
According to IDC, Apple has become the world’s largest company by selling 240 million phones last year.
Nabila Popel of IDC says that Apple is the only company among the three major smartphone manufacturers in the world. Which not only achieved positive annual growth in the year 2023, but also became the number one smartphone company in the world for the first time.
Offering new models in exchange for old models and interest-free financing plans are driving demand for expensive brands like Apple.
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