iPhone US Shipments Take A Hit In Q2 — But It's A Minor Dent Compared To Android's 38% Plunge
Portfolio Pulse from Rounak Jain
Smartphone shipments in the US fell by 24% in Q2, with Android shipments dropping by 38%. However, Apple's iPhone shipments only fell by 6%, helping the company increase its market share to 55% from 52% in Q1. Samsung's market share declined to 23% from 27% in the same period. The decline in shipments is attributed to economic uncertainty and consumer hesitation to upgrade their devices.
July 28, 2023 | 12:56 pm
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NEGATIVE IMPACT
Google's Android shipments fell by 38% in Q2, contributing to the overall decline in smartphone shipments.
The significant drop in Android shipments could negatively impact Google's revenues and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google's Android shipments fell by 38% in Q2, contributing to the overall decline in smartphone shipments.
The significant drop in Android shipments could negatively impact Google's revenues and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple's iPhone shipments fell by a lower percentage compared to the overall market, helping it increase its market share.
Apple's resilience in a declining market and its increased market share could boost investor confidence and potentially drive its stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100