Apple ready to overtake Samsung as the world’s largest smartphone company

Demand has been weak in the global smartphone market for the last few quarters. Along with the slowdown, this market has also been affected by the increase in inflation. South Korea’s Samsung, the largest seller in this market, is facing difficulties like inventory pressure, low demand and semiconductor shortage. This may affect the shipments of the company’s devices.

One of TrendForce Report It has been said that in the fourth quarter of the current year, American smartphone maker Apple may become the largest global smartphone company by leaving behind Samsung in market share. The global smartphone market declined by about 11 percent on a year-on-year basis in the third quarter. It has decreased by 0.9 percent as compared to the second quarter. It has been told in the report that Apple can take Samsung’s first place in this market in the fourth quarter. The market share of iPhone maker Apple is likely to increase to 24.6 percent. Samsung’s market share may drop from 22.2 percent to around 20.2 percent.

Another report from BusinessKorea states that the situation is difficult for Samsung to improve in the fourth quarter as the company is facing difficulties such as inventory pressure and low demand. However, China’s Xiaomi continues to hold the first position in India’s smartphone market. Its market share is 25.27 percent. It is followed by Vivo and Samsung with 16.5 percent and 16.05 percent respectively.

There may be a huge reduction in the production of iPhone this year. Worker unrest and sabotage over poor conditions at Foxconn’s factory in Zhengzhou, China, which does contract manufacturing for Apple, has had a major impact on production. Due to this, the production of iPhone Pro may decrease by about 6 million units this year. Production will depend on getting Foxconn workers back on the assembly lines soon and the lockdown imposed due to Corona. Most of the iPhone 14 Pro and Pro Max are produced in this factory. Both these smartphones have been the most sought after for Apple this year. Apple also produces iPhone in China and India. The company has started manufacturing some models of its new iPhone 14 series in India.