After releasing their quarterly earnings earlier in the week, It was announced by Apple that they had sold their billionth iPhone. It seems that this feat took them almost ten years, as the iPhone was introduced in January 2007.
On another note, IDC released quarterly smartphone market-share estimates. In second place as far as the largest handset maker globally, was Apple. Beating out Apple was Samsung, who went up almost six percent, while Apple volume was down 15 percent. This seems to be because of the strength of the Galaxy S7.
It’s been confirmed by IDC what Apple has said in its earnings news about the success of the lower-cost iPhone SE. “Apple did witness strong sales in both established and emerging markets thanks to the launch of the more affordable iPhone SE.”
Apple sold 40.4 million iPhones in the just-ended quarter, and represents about $24 billion in revenue. According to IDC, this “marked the lowest quarterly volume in seven quarters.” Looking at the year-over-year percentage, sales were off most in “Greater China.”
The partial reason for the declines are about economic weakness in China. Also, it’s do to other market leaders in the chart making high-quality, lower-cost smartphones.