Wednesday, February 28, 2024

Apple dominates the smartphone market… and fears for its future in 2024


Box News – Technology – Today we talk about Apple's rise to the top of the smartphone market… and fears about its future in 2024 are sparking much interest and controversy on social media. The Smart Phone Market… and Fears for its Future in 2024 This article… is part of a series of articles published by Box News in general.

A recent report revealed that Apple continues to lead the global premium smartphone market as it includes devices with a total price tag of $600 or more. The company continues to maintain a market share of 71%, while the second company on the list is Samsung with a market share of 17%.

But compared to 2022, Apple's share has decreased this year, and two main factors are said to be behind this decline in its market share: first, as Huawei returned to China driven by the Mate 60 series of phones, and second, Samsung also gained share driven by the S23 and foldable series.

What could affect Apple in 2024?

China has been a challenge for Apple given the tensions between China and the US, with several Chinese state governments banning their officials from using iPhones as official phones, and secondly, the foldable devices have reportedly emerged as an oddity in the premium market. Here again, there is no sign of Apple launching foldable phones in 2024, with all other competitors joining the foldable device race.

Changing trends in the smartphone market

Commenting on the growth of the premium market, senior analyst Varun Mishra said, “There has been a change in consumer buying patterns in the smartphone market, and given the importance of owning a smartphone, consumers are willing to spend more. A high-quality device that they can use for a long time.”

See also  Apple to launch 4 mixed reality headsets in 2025

Owning the latest and greatest flagship phones has become a status symbol for many consumers, especially in emerging markets, where they move straight from the mid-range to the premium range. Also, these devices come at affordable prices due to promotional seasons. Financial options.

In the premium market, the premium segment is driving growth, and the US$1,000 and above price segment accounts for more than one-third of total premium market sales by 2023. Overall, the premium segment will outperform the smartphone market. Globalism. OEMs that can differentiate themselves and, more importantly, build a strong brand, will benefit from growth in this sector.

At the end of our article, if you have any suggestions or comments about the news, don't hesitate to write us. We appreciate your feedback and strive to improve the site to meet your needs and meet your aspirations. Thank you for visiting us, we wish you a pleasant and productive time with us.

Stuart Wagner
Stuart Wagner
"Professional coffee fan. Total beer nerd. Hardcore reader. Alcohol fanatic. Evil twitter buff. Friendly tv scholar."

Share post:


More like this

The Future of Gambling in the UAE: Economic, Legal, and Social Dimensions

The United Arab Emirates (UAE) is on the brink...

Comparing the Best Trading Platforms in the UAE: Features and Benefits

Trading commodities, currency pairs, ETFs, and other investment vehicles...

Evgenia Timofeenko: What does it mean to be an investor in the hotel business?

Investors are always interested in finding effective objects for...

AFC Champions League 2023/24: Last-16 Fixtures, Latest Odds & Preview

The 2023/24 AFC Champions League group stage has been...