For the first time since 2010, Apple Inc has dethroned Samsung Electronics to become the best-selling smartphone company in 2023. Apple, ranked number one on the list after the iPhone, accounted for a fifth of the global market with close to 235 million shipments last year. Apple iPhone 15 plus (HT Photo/Vishal Mathur)(HT_PRINT)Samsung, whose shipments slumped double-digits to 226.6 million, came in second, ahead of Chinese device makers like Xiaomi Corp. This comes despite Apple iPhone's demands hitting a slump in many countries due to availability of cheaper alternatives. Popal further added, "All this despite facing increased regulatory challenges and renewed competition from Huawei in China, its largest market.

Source: Hindustan Times January 18, 2024 00:07 UTC