Apple eclipses Samsung in fourth-quarter smartphone shipments: report
Apple Inc. AAPL, -2.91% eclipsed Samsung Electronics Co. Ltd. 005930, -4.26% in terms of smartphone shipments for the December quarter, research firm IDC said late Thursday. Apple shipped 77.3 million devices, up 19.2% from a year ago, while Samsung shipped 74.1 million, up 18.4%, according to IDC's figures. Huawei, Xiaomi, and Oppo rounded out the top five. Overall smartphone shipments slipped 6.3% in the quarter. "The latest flock of posh flagships may have had consumers hitting the pause button in the holiday quarter," said Anthony Scarsella, an IDC research manager, in a release. "With ultra-high-end flagships all the rage in 2017, many of these new bezel-less wonders proved to be more of a luxury than a necessity among upgraders." In its earnings release Thursday night, Apple CEO Tim Cook said that the iPhone X, which starts at $999, was has been the company's best-selling phone since its November launch. He also said that Apple sold 77.3 smartphones in the quarter. Apple shares are up 0.5% in premarket trading and up 31% over the past 12 months. The Dow Jones Industrial Average DJIA, -1.31% of which Apple is a component, is up 32%.
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