Apple Inc is eating up the smartphone market share of its rivals as the iPhone maker roams the global chip crunch problem better than other ...
Apple Inc is eating up the smartphone market share of its rivals as the iPhone maker roams the global chip crunch problem better than other mobile phone makers, according to data providers.
Top iPhone exports helped Apple gain at least 3% market share for global smartphones in the third quarter, as total exports fell by almost 6% due to chip shortages, according to data from market research companies Counterpoint, IDC and and Canalys.
Considering how closely technology companies monitor smartphone sales data, delivery statistics are the best indication of who customers are choosing.
"We are expecting another quarter of Apple and we expect them to take the same share of 20% in the Q4 calendar year," said Counterpoint analyst.
Apple has tolerated better supply cuts than many other companies due to its high purchasing power and long-term chip vendor agreements although production of the iPhone 13 has fallen into disrepair due to factory closure in Asia and high demand in the second half of the year. .
"The shortfall is worse in the end, so Apple is less exposed than most of its competitors because it is more focused on making money," Ben Stanton, an analyst at Canalys
The cost of telecommunications has brought in revenue up to $ 100 billion in the third quarter, according to Counterpoint. The ability to supply the company in Cupertino, California was demonstrated in China, where it posted a staggering 83 percent annual sales growth in the last quarter, which remains one of the top spending options for the world's second largest economy.
Apple increased exports in the third quarter, while market leader Samsung Electronics and its rival Xiaomi Corp saw a decline as customers were attracted by falling prices in the iPhone 12 series and a faster processor and a larger camera on the latest iPhone 13 devices.
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