Samsung increases its market share in the US to 31%, thanks to its Z Fold 7 and Z Flip foldable phones, while Apple falls to 49%.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
After a long period of Apple's dominance of the US smartphone market, Samsung is making a strong comeback, posting an increase in market share from 23% to 31% in the second quarter. Samsung's success is due to the launch of its Z Fold 7 and Z Flip foldable phones, which caught consumers' attention and generated 16% higher sales. While Apple is preparing a thinner model and a foldable iPhone, Samsung continues to innovate and offer a range of price points. Apple shares fell 7.5%, while Samsung shares rose 35%, reflecting investor confidence in the future of foldable phones.
Sources
Latest News
13:48
A 37-year-old man has been arrested for causing the Old Trails fire in Spokane, Washington, which destroyed over 700 homes.
13:41
Iran and Oman are negotiating an agreement to reopen the Strait of Hormuz, but the controversial provisions raise international concerns.
13:32
A Russian soldier opened fire on comrades and some civilians in Sevastopol, Crimea / Four people died, and four others were injured.
13:28
Prime Minister Vasile Tofan considers the visit of the delegation of the Ministry of Agriculture from Afghanistan to Moldova unacceptable, resulting from an evaluation error.
13:20
Automotive suppliers are losing more jobs than large manufacturers, and new investments are shifting towards electric vehicles.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
