The introduction of the Apple Inc. iPhone 12 family helped the smartphone giant surpass Samsung Electronics Co.Ltd as the top smartphone provider for the holiday quarter, according to Gartner, marking the first time Apple holds the top spot in four years.
Apple AAPL,
had a 20.8% share of smartphones sold during the fourth quarter of the calendar, analysts at Gartner said Monday, while Samsung 005930,
had a 16.2% share.
Global smartphone sales in the fourth quarter fell 5.4%, according to analysts. “While consumers remained cautious in their spending and endured some discretionary purchases, 5G smartphones and pro-camera features encouraged some end users to buy new smartphones or upgrade their phones. current smarts in the quarter, ”said Anshul Gupta, Gartner’s chief research director. a release.
Gartner analysts expect the growing availability and demand for low-end 5G smartphones outside of China to drive the growth of the smartphone industry by 2021, after a 12.5% decline in smartphone sales during 2020.
Shares of Apple have gained 8.2% in the last three months, as the DOW Jones Industrial Average DJIA,
has risen by 7.5%.