Huawei jumps ahead of Apple in tough smartphone market

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You probably already know official iPhone sales numbers are no longer included in Apple's quarterly financial statements, which seems to be causing major confusion for Strategy Analytics and the IDC.

"There's a huge move from the cable bundle to over-the-top", Mr. Cook said during the call, referring to cord cutting streaming video services.

It will be interesting to see if Apple can turn its iPhone sales around, the higher prices have out many consumers off, whether they will introduce more affordable devices remains to be seen.

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FILE PHOTO: Apple CEO Tim Cook speaks at the Anti-Defamation League's "Never is Now" summit in New York City, New York, U.S., December 3, 2018. Cook also said that a sales tax cut had helped decrease the price of Apple products, which had helped. "But I think the growth potential is phenomenal", Cook told the analysts as Apple posted a revenue of $58 billion for its second quarter of 2019.

Apple had a challenging first quarter, with iPhone shipments dropping by a "staggering" 30.2 per cent from a year earlier to 36.4 million units, IDC reported.

Another area where there is a huge gulf between India and the United States is Apple services, which account for a major chunk of the company's revenues. Apple's share reduced from 15.7% to 11.7% due to shifting focus on services. Just like past year, both iPhone XI and iPhone XI Max are expected to have OLED screens whereas the successor iPhone XR will come with an LCD display. $11.5 billion dollars in one quarter.

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According to the data, Huawei sold a whopping 59.1 million smartphone units in the first quarter of 2019, up 50% from the 39.3 million smartphones the company shipped in the same quarter a year ago.

Tarun Pathak, associate director, Counterpoint Research, said: "Even India can not offset the decline that Apple is seeing in its key markets".

Apple's 2019 Worldwide Developers Conference is also slated for June, when it will have the opportunity to try and get consumers re-invested in iPhones, possible reinvigorate its Mac lineup, and further promote its wearables and accessories businesses. Apple also is launching a credit card in partnership with Goldman Sachs and a mobile gaming subscription service.

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The results come amid the company's attempt to build up its services business, which include the App Store and Apple Music. "And so, we plan on going in there with sort of all of our might", said Cook.