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Apple Users

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dalton99a

(86,565 posts)
Mon Sep 11, 2023, 08:14 AM Sep 2023

As Smartphone Industry Sputters, the iPhone Expands Its Dominance [View all]

https://www.nytimes.com/2023/09/11/business/apple-iphone-17.html
https://archive.ph/NXPmv

As Smartphone Industry Sputters, the iPhone Expands Its Dominance
Apple, which is set to release a new iPhone on Tuesday, has increased its share of smartphone sales by converting Android customers and adding teenagers.
By Tripp Mickle
Sept. 11, 2023

...

In the United States, the iPhone’s largest market, the device now accounts for more than 50 percent of smartphones sold, up from 41 percent in 2018, according to Counterpoint Research, a technology firm. The gains have helped it claim about a fifth of the world’s smartphone sales, up from a low of 13 percent in 2019.

Apple has expanded its smartphone empire as the broader industry has faltered. Over the past two years, sales of Android smartphones have plummeted, but the iPhone has suffered only modest declines because it’s been winning new customers. It has done so despite being the industry’s priciest device.

Apple has overcome price sensitivity by creating a business that is reminiscent of U.S. car sales. Like a car, iPhones last for years and can be resold to offset the purchase of a new one. Wireless providers, much like auto dealers, offer discounts and monthly payment plans that make it more affordable to buy the latest model. And customers, like brand-loyal car buyers, are more likely to buy another iPhone than switch to Google’s Android operating system.

In the United States, the iPhone’s popularity is expected to widen in the years ahead. Nearly 90 percent of teenagers own an iPhone, according to Piper Sandler, an investment bank.

...


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