Huawei Passes Apple For Second Place In Smartphone Shipments (venturebeat.com)

Posted by BeauHD on Wednesday August 1, 2018 @01:00AM from the coming-in-hot dept.

An anonymous reader quotes a report from VentureBeat: For the first time in seven years, Samsung and Apple have not taken the top two positions in the worldwide smartphone market. All hail Huawei. Although Samsung held onto first place -- the South Korean giant typically dominates the first three quarters of the year, with the American company winning the fourth quarter -- Huawei passed Apple for second place this part quarter. The Q2 2018 figures come from IDC (though Canalys and Strategy Analytics both agree that Huawei passed Apple in the quarter).

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Re:AAPL by Anubis+IV · 2018-08-01 01:26 · Score: 4, Insightful

When a company grows its market share, increases units sold, increases average selling price, and posts record numbers, stocks tend to do okay.
The reason Apple dropped to second is because Huawei has been knocking it out of the park at Samsung’s expense. Samsung shed over 10% of their market share YoY. Apple grew their share, though not as fast as Huawei did, suggesting that it’s mostly Android manufacturers canabalizing each other’s sales and share.