Apple has secured the predominant portion of the global smartphone market, displacing Samsung from the top position for the first time in 12 years.
According to data from the International Data Corporation (IDC), the American tech giant represented over 20% of the phones shipped last year. Samsung, on the other hand, claimed a market share of 19.4%, with Chinese smartphone manufacturers Xiaomi, OPPO, and Transsion trailing behind.
Smartphone sales experienced a decline as a result of reduced consumer spending during the pandemic. The IDC’s report indicates that approximately 1.2 billion smartphones were sold last year, marking a decline of over 3% compared to the previous year. This represents the lowest sales volume in a decade, as consumers tightened their budgets in response to economic challenges and high interest rates. Nonetheless, experts anticipate a recovery in the market this year.