Shipments in the global smartphone market declined by 14% YoY in Q1 2023 to 280.2 million units. Despite the slowdown, Samsung replaced Apple as the world’s largest smartphone maker during the period.
Apple, however, continued its dominance, with iPhones accounting for nearly half the revenue generated by the smartphone market in Q1 2023. The company also took the lion’s share of the market’s profit.
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