Saturday, January 28, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Apple soars as smartphone market returns to growth

*Samsung, Xiaomi, Oppo trail behind

Niyi Adunola by Niyi Adunola
January 28, 2021
in Markets & Companies
0
Apple, Microsoft, Facebook to release Q3 results
0
SHARES
22
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Apple has taken the top spot, as the global smartphone market returned to yearly growth of 4.3 per cent in the fourth quarter of 2020, to 385.9m shipments, according to International Data Corporation.

The top spot for shipments from Apple is reportedly due to the popularity of its iPhone 12 series.

READ ALSO

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

Afrinvest Asset gets A3 Rating, Agusto assigns A

The recovery in Q4 was attributed to pent-up demand and excess savings among consumers after the Coronavirus Disease restrictions last year. Vendors also appeared better prepared to meet customer needs during the second lockdown, IDC said.

Read Also:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

Apart from the growth figures, the main surprise of the quarter was Apple vaulting into first position. The release of its first 5G phones helped the company grow shipments over 22 per cent to 90.1m, and its market share rose to 23.4 per cent from 19.9 per cent a year ago.

Samsung also showed annual growth, but at 6.2 per cent, giving it a market share of 19.1 per cent, up slightly from last year.

Xiaomi confirmed its position as number three in the market, after strong growth of 32 per cent in shipments to 43.3m. Its market share increased to 11.2 per cent from 8.9 per cent in Q4 2019.

Oppo came fourth with an 8.8 per cent share after an estimated 10.7 per cent increase in shipments, and Huawei dropped to fifth place with 8.4 per cent share and 42.4 per cent drop in shipments.

In 2020, the smartphone market contracted 5.9 per cent to 1.292bn devices. The main winners were Apple, up eight per cent to 206.1m phones shipped and 15.9 per cent market share; and Xiaomi, up 17.6 per cent to 147.8m phones and 11.4 per cent market share.

Samsung remained on top with a 20.6 per cent share, after an estimated 10 per cent fall in shipments, and Huawei took third with 14.6 per cent share and a 21.5 per cent fall in shipments.

Tags: AppleGlobal marketSmartphone

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Niyi Adunola

Niyi Adunola

Related Posts

Brands in Nigeria
Front Page

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Afrinvest Asset
Front Page

Afrinvest Asset gets A3 Rating, Agusto assigns A

December 5, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in green with 1.22% increase

November 21, 2022
NGX ASI closes in green
Front Page

NGX ASI dips by 0.68%, closes at N23.949tn

November 14, 2022
NGX ASI closes in green
Front Page

Bullish move heralds NGX Nov trade

November 7, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in red

October 31, 2022
Next Post
China’s private consumption to double in next decade

China’s private consumption to double in next decade – Report


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Ehizua Hub, Igbinedion launch IUO Okada Hub

    0 shares
    Share 0 Tweet 0
  • Oke Layipo: A wasting goldmine

    2 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS