Apple overtakes Samsung as worlds biggest phonemaker

Image for article Apple overtakes Samsung as worlds biggest phonemaker
News Source : BBC News

News Summary

  • Offers to trade in old models as well as interest-free financing plans are also driving demand for premium devices like Apple.It's disappointing news for Samsung which - until now - had the top spot as the world's largest maker of memory chips, smartphones and televisions..
  • "Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever," said the IDC's Nabila Popal..
  • Experts predict the market will recover this year.Still, the IDC said Apple - which sold more than 234 million phones last year - is "the biggest winner"..
  • Huawei has recently made strides in making its own chips, after being banned from buying chips that were made using US technology over claims the company poses a national security risk to Washington..
  • It is the lowest amount sold in a decade, with many consumers tightening their purse strings in the face of economic challenges and high interest rates..
  • "All this despite facing increased regulatory challenges and renewed competition from Huawei in China, its largest market.".
By Katie SilverBusiness reporterApple now has the lions share of the global smartphone market, knocking Samsung off the top spot for the first time in 12 years.The American phone giant accounted [+2891 chars]

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