• 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

Market Pressures and Bitcoin's Long-Term Potential

chest

Jamie Coutts discusses current market pressures and potential long-term buying opportunities for Bitcoin in the 60,000 range.

user avatarSon Min-ho

Bitcoin's 200-Week Moving Average Remains a Key Support Level

chest

Bitcoin's 200-week moving average is at 61,700, a crucial support level for traders, indicating potential recovery if maintained.

user avatarAyman Ben Youssef

Arthur Hayes Sells Off HYPE Token and NEAR Protocol Positions

chest

Arthur Hayes, cofounder of BitMEX, has exited his positions in HYPE and NEAR, citing macroeconomic factors.

user avatarTando Nkube

Coinbase Introduces Perpetual Futures for Pre-IPO Trading

chest

Coinbase has launched a new perpetual futures product for pre-IPO trading, starting with SpaceX, allowing users outside the US to trade 24/7 using USDC.

user avatarKofi Adjeman

Worldcoin's Short Overhang Could Lead to Price Surge

chest

Worldcoin (WLD) is experiencing a significant short overhang, which may lead to sharp price movements if market conditions change.

user avatarJesper Sørensen

Arthur Hayes Promotes Worldcoin as a Key Player in Upcoming AI IPOs

chest

Arthur Hayes promotes Worldcoin (WLD) as a key player in upcoming AI IPOs, suggesting it could see significant price increases due to its potential as an overlooked investment in the AI sector.

user avatarNguyen Van Long

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.