It’s no secret that Apple has been the most dominant player in the smartphone market for, well, most of the life of the industry. However, manufacturers like Huawei and Samsung have been working hard to eat into that, and it’s working.
Apple’s market share in the second quarter dropped by a whopping 11.9 percent compared to the same time last year, according to a report published by Counterpoint Research.
This is all market research, so we don’t know exact details, but other sources are showing similar numbers. Strategy Analytics shows much of the same thing, but only shows a 6.3 percent drop.
These numbers would make a lot of sense, with Samsung showing growth in market share. Not only that, but Huawei is growing at unprecedented rates as well. Apple is up against some increasingly tough competition; however, the company is still doing outstandingly well, posting over $50 billion in revenue.
source: Counterpoint Research