Apple retakes 2nd spot in global smartphone market

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New Delhi, Nov 1 | Apple re-took second place with the launch of the iPhone 13, shipping 49.2 million smartphones and growing 14 per cent, in the third quarter (Q3) this year.

Xiaomi went back to third place, with 44 million units and a 14 per cent share, reports market research firm Canalys.

“The iPhone 13 had a strong start. Pre-orders were high and, unlike last year, Apple could use the full might of its retail stores to drive sales,” said research analyst Le Xuan Chiew.

For customers with a two- or three-year-old iPhone, the devices have proved a compelling upgrade, with better cameras, battery life and, of course, 5G.

“But Apple’s performance goes far beyond the iPhone 13. For example, it sustained the momentum of the iPhone 12 with wholesale discounting behind the scenes. It is making rapid progress with new B2B channel initiatives around the world,” the report noted.

Apple continues to curry favour with network operators, helping to drive their user bases toward 5G, and getting iPhones prioritised in their portfolios.

“It will face some supply pressures and has softened its iPhone production target for Q4 2021. But Apple is a sourcing powerhouse, its high-end devices make it less exposed than many competitors, and it will be aiming for the number one spot next quarter,” Chiew said.

Samsung was once again the leading vendor, shipping 69.4 million units for a 21 per cent share in Q3.

OPPO and Vivo took fourth and fifth, shipping 36.7 million and 34.2 million units respectively.

“Android’s situation was less rosy, with shipments down 9%,” said Principal Analyst Ben Stanton.

Samsung again struggled with supply of its Galaxy A series devices. Xiaomi also saw demand outstrip supply, but this was partly due to a blockbuster performance in the previous quarter, which depleted available stock.

“Shortfalls are now emerging at the high end too, with the lack of a Samsung Galaxy Note phone this year,” continued Stanton. “Samsung shipped over 3 million of its foldables, the Galaxy Z Flip3 and Fold3, in Q3 2021, which is impressive but not enough to fill the gap”.

Rivals are now circling this vacuum, with new devices such as Google’s Pixel 6 Pro and Xiaomi’s 11T Pro already in play.

“But as chipset shortages restrict supply, the real opportunity will not be high-end volume,” the report noted.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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