Apple Inc’s iPhone shipments stabilized in the June quarter as the wider smartphone market accelerated its growth, independent research showed.
Global smartphone shipments rose 6.5 percent year-on-year, International Data Corp (IDC) said, while Counterpoint Research figures showed that sales to consumers increased 6 percent.
Aggressive discounts around China’s “618” shopping festival helped entice consumers in the world’s biggest mobile market, where Xiaomi Corp (小米) and a resurgent Huawei Technologies Co (華為) have been making inroads this year.
Photo: Bloomberg
The new research adds to data from Chinese authorities showing the iPhone staging a recovery since March.
Apple shipped 45.2 million handsets in the second quarter, a 1.5 percent improvement from the same period a year earlier, IDC said.
Counterpoint’s figures, which address end-user sales, showed a 1 percent decline, and both research groups found the iPhone giving up market share.
Xiaomi was the biggest riser, largely powered by entry-level handsets and emerging markets.
The iPhone has been under pressure in China from local players as well as a government ban on foreign devices at state-run workplaces.
Discounts and the promise of new artificial intelligence (AI) enhancements has helped steady sales for Apple and market leader Samsung Electronics Co, which is also promoting a new generation of phones with AI additions.
“Apple’s momentum in Q2 improved significantly from the negative growth they saw in first quarter,” IDC research director Nabila Popal said. “This is in part due to heavy discounts and promotions in many regions, but also thanks to renewed customer confidence after WWDC [Worldwide Developers Conference] when Apple finally announced its AI strategy.”
TRADE WAR: Tariffs should also apply to any goods that pass through the new Beijing-funded port in Chancay, Peru, an adviser to US president-elect Donald Trump said A veteran adviser to US president-elect Donald Trump is proposing that the 60 percent tariffs that Trump vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru. The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60km north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the western hemisphere on the White House National Security Council in his first administration. “Any product going
TECH SECURITY: The deal assures that ‘some of the most sought-after technology on the planet’ returns to the US, US Secretary of Commerce Gina Raimondo said The administration of US President Joe Biden finalized its CHIPS Act incentive awards for Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), marking a major milestone for a program meant to bring semiconductor production back to US soil. TSMC would get US$6.6 billion in grants as part of the contract, the US Department of Commerce said in a statement yesterday. Though the amount was disclosed earlier this year as part of a preliminary agreement, the deal is now legally binding — making it the first major CHIPS Act award to reach this stage. The chipmaker, which is also taking up to US$5 billion
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. Its backers say the 8 billion euro (US$8.43 billion) project financed by private funds is a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. However, critics see it more as a future “ghetto for the rich.” It is hard to imagine that 10km from the Acropolis, a new city “three times the size of Monaco”
STRUGGLING BUSINESS: South Korea’s biggest company and semiconductor manufacturer’s buyback fuels concerns that it could be missing out on the AI boom Samsung Electronics Co plans to buy back about 10 trillion won (US$7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history. South Korea’s biggest company would repurchase the stock in stages over the coming 12 months, it said in a regulatory filing on Friday. As a first step, it would buy back about 3 trillion won of paper starting today up until February next year, all of which it would cancel. The board would deliberate on how best to effect the remaining 7 trillion won of buybacks. The move