• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

iPhone Sales Decline Due to Weak Demand for Apple Intelligence

user avatar

by Giorgi Kostiuk

a year ago

Despite global smartphone market growth, Apple experienced a 5% decline in iPhone sales last quarter, driven by weak demand for Apple Intelligence.

Decline in iPhone Market Share

In the last quarter, iPhone's market share fell by 1% to 18% in 2024. Chinese competitors, including Xiaomi and Vivo, gained market share at the expense of Apple and Samsung. According to IDC, Apple shipped 4.1% fewer smartphones, while the overall market grew by 2.4%.

Chinese Market and Apple Intelligence

Apple Intelligence is not yet available in China, making it less attractive to local buyers. The company is seeking partners to implement AI features in China, Apple's biggest market outside the US and Europe. Sales of high-end models like Pro and Pro Max are increasing, despite overall challenges.

Competition from Chinese Manufacturers

Chinese smartphone makers are developing their own AI tools, posing additional challenges for Apple in this segment. IDC's Francisco Jeronimo noted that Chinese companies reached record shipment volumes, capturing 56% of the global smartphone market.

This past quarter was particularly remarkable for the largest Chinese smartphone vendors. They achieved a historic milestone as they shipped the highest combined volume ever in a quarter, representing 56% of the global smartphone shipments.Francisco Jeronimo

The decline in iPhone sales is attributed to the limited rollout of Apple Intelligence and growing competition from Chinese brands. To maintain its position in China, Apple must tailor its offerings to meet local market needs.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dogecoin Network Achieves Major Performance Milestone

chest

The Dogecoin network has achieved a significant milestone by tripling its processing speed, enhancing transaction throughput and the strength of its underlying infrastructure.

user avatarFilippo Romano

Bitmine Increases Ethereum Purchases Amid Market Optimism

chest

Bitmine has significantly increased its Ethereum purchases, acquiring 65,341 ETH in the past week, reinforcing its position as the largest Ethereum treasury firm.

user avatarEmily Carter

Crypto Market Speculates on Clarity Act's Impact

chest

Speculation arises in the crypto market regarding the potential impact of the proposed Clarity Act on stablecoin yield regulations.

user avatarTomas Novak

Shibarium Layer3 Explorer Testing Begins Amid Community Concerns

chest

Woofswap has confirmed that early testing of a Shibarium Layer3 explorer is currently underway as part of the ShibClaw initiative, raising community concerns due to the lack of details regarding the mainnet launch and technical specifications.

user avatarKaterina Papadopoulou

Epic Games to Lay Off Over 1,000 Employees Amid Cost-Cutting Measures

chest

Epic Games is laying off over 1,000 employees as part of a cost-cutting effort due to declining engagement in Fortnite.

user avatarMaya Lundqvist

CFTC Allows Phantom to Offer Derivatives Access Without Broker Registration

chest

CFTC has allowed Phantom to provide access to derivatives markets without broker registration.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.