Smartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
Apple’s iPhones led the mobile industry to a milestone in January, when handsets with 5G accounted for more than half of smartphone sales for the first time.
Apple was China’s top-selling smartphone brand in 2021’s final quarter, taking top spot in the world’s largest mobile market for the first time since 2015.
Oppo has taken the wraps off a foldable smartphone that’s more than $500 cheaper than Samsung Electronics’ Galaxy Fold.
Chinese smartphone maker Xiaomi reported a smaller than expected rise in third-quarter revenue, hurt by intensifying competition from domestic rivals.
Smartphone maker Xiaomi’s second quarter revenue rose a record 64% from a year earlier, it said on Wednesday, as it capitalised on US sanctions against rival Huawei Technologies.
Samsung Electronics has snatched back the crown from Apple as the world’s biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.
LG Electronics has reorganised its mobile phone division to increase outsourcing of its low-end to mid-tier smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.