Apple Sees Market Share Decline in 2024 as Chinese Smartphone Brands Surge Globally: IDC

Quick Summary:

Nabila Popal of IDC noted that vendors successfully adjusted their strategies to drive growth by focusing on promotions, launching devices in multiple price segments, offering interest-free financing plans, and aggressively trading in devices, fueling premiumization and boosting low-end devices, especially in China and emerging markets.

Also Read: ON Semi Sees Utilization Cuts As EV Demand Softens, Analyst Warns

Popal expressed optimism about continued growth in 2025 while flagging the threat of tariffs from the Donald Trump administration, which has triggered uncertainty in the industry.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: Briefs AAPL SSNLF XIACY News XIACF Stories That Matter IXN Tech Trading Ideas US4642872919 US0378331005 FTEC Media Expert Ideas Benzinga Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 19:05:16 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25160302

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