Helena Lyng Blak
6 weeks ago

Apple Falls from Number 1 Spot as World’s Top Phone Maker

As global smartphone markets grow, Apple experiences a decline in shipments, losing its leading position to Samsung.
MikeDotta / Shutterstock.com
MikeDotta / Shutterstock.com

Despite global smartphone shipments being on the increase, Apple’s are sliding.

According to Reuters, the iPhone-maker’s shipments dropped roughly 10% in the first quarter of the year.

Between January and March, global smartphone shipments increased by 7.8%, with Samsung now leading, holding a 20.8% market share.

Apple has faced several challenges since the start of the year. The tech giant’s stock slumped through March as the company dealt with legal issues in the US and EU.

The US Department of Justice, with 16 attorneys general, has sued Apple for allegedly maintaining a smartphone monopoly and obstructing competition.

Additionally, the European Commission fined Apple €1.84 billion for antitrust violations and is planning further investigations under the Digital Markets Act. 

In a move underscoring its current challenges, Apple recently laid off 614 employees in California, marking its most significant workforce reduction since the pandemic began.

Apple’s shares dip in early trading on Monday, seeing a 1.38% decline.

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