Apple overtakes Samsung as top seller of smartphones
Apple ended Samsung Electronics' 12-year run as the largest seller of smart phone s in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp. Samsung ended the year with a 19.4% share, followed by China's Xiaomi, Oppo and Transsion, preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker showed. The change in ranking comes after a tough year that saw consumers going slow on smart phone upgrades and choosing cheaper handsets due to high i NFL ation and economic uncertainties. A slower-than-expected recovery in China, the world's largest smart phone market, also weighed on overall phone sales. Apple and Transsion, which sells Tecno, Infinix and itel brands, were the only two of the top five smartphone vendors to record sales growth last year, even though the overall market declined 3.2% to 1.17 billion units and hit a decade low. "While we saw some strong growth from low-end Android players l...