• 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

10 months 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

Moon Hash Launches Web3 Mobile App for Digital Asset Yield Management

chest

Moon Hash has launched a Web3 mobile app for easy management of digital asset yields, allowing users without blockchain knowledge to earn daily yields on assets like BTC and XRP.

user avatarEmily Carter

Fusaka Upgrade to Enhance Ethereum's Data Availability with PeerDAS

chest

The upcoming Fusaka upgrade, scheduled for December 3, will introduce PeerDAS, a system aimed at improving data availability for rollups on the Ethereum network.

user avatarTomas Novak

Galaxy GLXY Stock Eyes a 30% Jump As Faster AI Expansion Signals Big Upside

chest

Galaxy GLXY stock has shown signs of support but requires stronger buyer activity to achieve a significant rebound.

user avatarMaya Lundqvist

QCP Capital receives 16,035 ETH from Bhutan Transfers.

chest

The Royal Government of Bhutan has transferred 16,035 ETH to QCP Capital as part of its strategic asset management.

user avatarLi Weicheng

FNB Customers Encounter Payment Issues on Black Friday

chest

FNB customers faced significant challenges with card payment authentication on Black Friday due to app issues, leading to abandoned purchases and confusion at checkout.

user avatarAisha Farooq

IMF Explores Tokenized Markets in New Video

chest

The IMF released a video discussing the benefits and risks of tokenized markets.

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.