Even as iPhone 13 does well, Samsung chasing Apple in the US mobile market
Considering that Apple launched iPhone 13 series in September, Samsung Electronics' third-quarter market share is better than expectations.
Samsung Electronics has narrowed the gap with Apple in the US smartphone market in the third quarter of this year. According to market research firm Counterpoint Research on the 5th, Samsung Electronics had the market share of 35%, up 5%p year-on-year. It is the largest quarterly share since the first quarter of last year (32%).
Apple's market share in the third quarter was 42%, up 3%p year-on-year. However, the market share gap between second-ranked Samsung Electronics narrowed from 9% to 7%.
Considering that Apple launched iPhone 13 series in September, Samsung Electronics' third-quarter market share is better than expectations. It is analyzed that strong sales of foldable phones Galaxy Z-Fold 3 and Z-Flip 3, which were released by Samsung Electronics in August, had a positive effect on the expansion of market share.
"Apple's iPhone 13 accounted for 17% of total U.S. sales in the third quarter despite recent supply disruptions," Jeff Fieldhack, an analyst of the Counterpoint Research.
"Samsung Electronics recently successfully released its foldable phone series and increased sales of low-priced 5G phones with Galaxy A32 5G models.
Apple says doubled business in India in fiscal ended September
(PTI) Technology major Apple earned nearly one-third of its revenue from emerging markets and doubled its business in India and Vietnam in fiscal 2021, according to its CEO Tim Cook said.
Apple posted a 29 per cent year-on-year growth in revenue at USD 83.4 billion in the fourth quarter ended September 25, 2021. Its net income stood at USD 20.55 billion in the said quarter as against USD 12.67 billion in the year-ago period.
Its total net sales stood at USD 365.8 billion during the fiscal ended September 2021.
"And we set quarterly records in every geographic segment with strong double-digit growth across the board. During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam," Cook said.
He added that Apple is "optimistic about the future, especially as we see strong demand for our new products".
According to Counterpoint Research, Apple was the highest growing brand in the September 2021 quarter in India with 212 per cent y-o-y growth and led the premium smartphone market (above ₹30,000) with a 44 per cent share.
The brand maintained its leading position in the ultra-premium segment (above ₹45,000 or USD 650) with a 74 per cent share, Counterpoint said.
Strong demand for the iPhone 12 and iPhone 11 were the major factors in Apple's growth and the company became the top 5G smartphone brand in the premium segment for the first time, it added.
In a statement, Apple said this year, it launched its most powerful products ever -- from M1-powered Macs to an iPhone 13 lineup -- that is setting a new standard for performance and empowering customers to create and connect in new ways.
Apple CFO Luca Maestri said the "record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment".
The combination of Apple's record sales performance, customer loyalty and strength of its ecosystem drove its active installed base of devices to a new all-time high, he added.
"During the September quarter, we returned over USD 24 billion to our shareholders, as we continue to make progress toward our goal of reaching a net cash neutral position over time," Maestri said.
iPhone sales stood at USD 38.8 billion while that of Mac was at USD 9.1 billion, iPad at USD 8.2 billion, Wearables, Home and Accessories at USD 8.7 billion and services was at USD 18.2 billion during the September quarter.
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