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Apple’s global shipments of Iphones -9.6% in the first quarter of 2024 (Xiaomi surge)

The broader smartphone rebounded. Apple lagging.

The table comes from the IDC report:

  • global smartphone shipments increased 7.8% year over year in the first quarter of 2024
  • While the industry is not completely out of the woods, as macroeconomic challenges remain in many markets, this marks the third consecutive quarter of shipment growth, a strong indicator that a recovery is well underway.

This article was written by Eamonn Sheridan at www.forexlive.com.

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