Smartphone Slump Predicted, Yet Apple Eyes Top Spot - Research Shows
Portfolio Pulse from Anusuya Lahiri
Global smartphone shipments are predicted to experience their worst performance in a decade due to challenges in the U.S. and China. However, Apple Inc. is expected to emerge as the dominant player in the smartphone market, driven by steady demand for its premium iPhone line. Apple's shipments are likely to see a minor increase due to rising demand in markets like China. Apple is also making significant inroads into the Indian market. The company's shares traded higher by 0.21% at $176.91 premarket on the last check Thursday.
August 17, 2023 | 5:57 pm
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POSITIVE IMPACT
Apple is expected to emerge as the dominant player in the smartphone market despite a predicted slump in global shipments. The company's shares traded higher by 0.21% at $176.91 premarket on the last check Thursday.
The news is highly relevant to Apple as it directly pertains to the company's performance in the smartphone market. The positive outlook for Apple despite the overall market slump is likely to boost investor confidence, potentially leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Samsung Electronics Co, Ltd is in a tussle for the top position in the smartphone market with Apple. If Apple maintains its current trajectory, it could outpace Samsung.
The news is relevant to Samsung as it mentions the company's competition with Apple in the smartphone market. If Apple continues to perform well and outpaces Samsung, it could negatively impact Samsung's market position and potentially its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60