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  • Apple loses global leadership in phones to Samsung as iPhone shipments drop: report

    Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday. Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top phone maker spot from Apple. The iPhone-maker's steep sales decline comes after its strong performance in the December quarter when it overtook...

  • China still ASML’s biggest market, but falling sales cause drop in profit

    Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...

  • Samsung retakes top phone sales spot from Apple as a third phone maker gains on them both

    According to IDC, Samsung has overtaken Apple as the global leader in smartphone sales. (It was only three months ago that Apple topped Samsung for the first time in global smartphone shipments.) In the first quarter of 2024, 289.4 million phones were sold. How did that break down by manufacturer? The numbers tell a very clear picture:Also: The best phones for 2024: Expert testedSamsung - 60.1 million units sold with a 22.5% market shareApple - 50.1 million units sold with a 20.7% market...