The overall smartphone market in the United States declined 5% year-on-year in Q2, but Apple nonetheless set a new U.S. record by shipping 15 million iPhones domestically, a new Canalys report claims.
“With the launch of the iPhone SE, Apple’s quarterly market share ballooned to 47%,” the report reads. Between Apple and fellow smartphone market leader Samsung, seven out of the 10 smartphones made were manufactured by one of the two companies.
Apple’s iPhone numbers seem particularly impressive given the challenges Apple — and customers — faced in the second quarter. Apple Stores were closed or just starting to reopen. People were tightening their belts as a result of the pandemic-fueled financial downturn.
Canalys’ report claims that the average price of a smartphone in the United States dropped to $503 during the quarter. That is 10% lower than in Q2 last year.
This isn’t the first time Apple defied the odds during the coronavirus downturn. Apple’s shares dipped to a low of $224.37 on March 23. Since then, they soared to a current high of $452.04. That gives Apple a present market cap of $1.93 trillion. By comparison, Alphabet is worth $1.02 trillion. Facebook is valued at $740 billion. And Microsoft is worth $1.53 trillion.