Apple gains smartphone share on ‘growing demand’ for iPhone 13: Canalys (NASDAQ:AAPL)

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Edwin Tan /E+ by using Getty Images

Apple (NASDAQ:AAPL) attained share in the smartphone industry in the initial-quarter, mainly thanks to the “growing need” for its Apple iphone 13, exploration firm Canalys stated on Tuesday.

The Cupertino, California-centered Apple (AAPL) accounted for 18% of the smartphone sector, up from 15% in the to start with-quarter of 2021, even as general smartphone shipments fell 11%, owing to “unfavorable financial situations and sluggish seasonal need.”

“Although the Iphone 13 collection continues to seize purchaser demand from customers, the new Iphone SE introduced in March is starting to be an critical mid-array quantity driver for Apple,” Canalys Analyst Sanyam Chaurasia said in a assertion.

“At a very similar value level to its predecessor, it features an upgraded chipset and improved battery general performance and provides the 5G connectivity that operator channels are demanding.”

Apple (AAPL) shares rose 1.5% to $167.62 in late buying and selling on Tuesday.

Coming in very first in the smartphone market was Samsung (OTC:SSNLF), which accounted for 24% of the market place, up from 22% in the year-back interval. Xiaomi experienced 13% of the marketplace, coming in 3rd put, when OPPO and vivo rounded out the major 5, with 10% and 8% of the market, respectively.

On Tuesday, Rosenblatt Securities analyst Barton Crockett started off coverage on Apple (AAPL) with a neutral ranking and a $184 price tag concentrate on, noting it is experiencing various obstacles coming from China.

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