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iPhone sales spiral 25% in China as Apple drops from first place to fifth
Apple’s struggles in China continue, according to new data from research firm Canalys. This data indicates that not only did Apple fall out of first place in China for smartphone shipments in Q1 2024, it fell all the way to fifth place. more
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Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.
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Samsung: Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year. Revenue rose by nearly 13% to 71.9 trillion won...