Apple’s biggest asset, iPhone continuous to suffer weaker sales around the world in the 1st quarter as Huawei, Chinese tech giant gained more market share with more sales.
Huawei flexed its muscles to give tough competition not only to Apple but also its longtime rival, Samsung. Tech research firm Gartner released its smartphone market report on Tuesday. Because of the rise in smartphone prices, worldwide smartphone sales dropped to 373 million units in the first quarter of the year. This is a 2.7% decline from the same period a year ago. Many consumers preferred not to upgrade their existing smartphones because of high prices, lack of new features.
According to Gartner, iPhone sales fell to 44.6 million devices in the 1st quarter of 2019. It was 54.1 million in the first quarter of 2018. iPhone’s worldwide market dropped to 11.9% from 14.1% a year ago.
“Apple is facing longer replacement cycles as users struggle to see enough value benefits to justify replacing existing iPhones,” Gartner analyst Anshul Gupta.
Huawei sales increases in the 1st quarter of 2019. The Chinese tech giant sold 58.4 million units, a 15.7% market share. Huawei sold 40.4 million smartphones in the 1st quarter of 2018, an increase of almost 18 million more units sold in a year.