• 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

Shocking Details Emerge from David Balland's Kidnapping

chest

Shocking details emerge from the kidnapping of David Balland and his wife in Cher, France, where they were held for ransom and one of his fingers was severed.

user avatarBayarjavkhlan Ganbaatar

Final Suspect in David Balland Kidnapping Arrested in Spain

chest

A suspect involved in the kidnapping of Ledger cofounder David Balland has been arrested in Spain.

user avatarMohamed Farouk

Bitmine's Ethereum Staking Activity Signals Long-Term Confidence

chest

Bitmine has staked an additional 94,670 ETH, raising its total staked holdings to over 3 million ETH, indicating a long-term strategy amidst increasing selling pressure.

user avatarElias Mukuru

Cardano's Pivotal Year Ahead with Major Developments

chest

Cardano is entering a crucial year with significant developments expected in 2026, including the Rossem hard fork, Midnight mainnet for privacy, CLARITY Act for regulatory clarity, and Cardano ETFs launch.

user avatarDiego Alvarez

Cardano Node 1070 Upgrade Announced

chest

Intersect has provided an update on the upcoming Cardano Node 1070 upgrade, which is crucial for the Van Rossem hard fork. The prerelease is expected in the next few days and will enhance smart contracts and node performance on the network.

user avatarKenji Takahashi

Whales Return to Profit, Signaling Potential Market Transition

chest

Whales holding over 100,000 ETH have returned to profitability, indicating a potential shift in market dynamics.

user avatarMaria Fernandez

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.