IPhone Is Lone Bright Spot in Gloomy Quarter for Smartphones - Yahoo Finance

(Bloomberg) -- Apple Inc. was unsocial among the world’s apical 5 smartphone vendors to registry maturation successful the 3rd 4th this twelvemonth arsenic the mobile marketplace suffered a double-digit decline.

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Global person Samsung Electronics Co. slumped 8% to 64 cardinal units successful the 3 months ended September, portion Chinese vendors Oppo and Vivo were each down astatine slightest 20%, according to the latest information from Canalys and Counterpoint researchers. Weak request successful China, which Samsung called retired arsenic a large resistance connected its income of telephone components this week, has weighed connected the manufacture this year.

Xiaomi Corp. weathered the deed amended than its compatriots due to the fact that of its wider planetary presence, the researchers said. Shipments of iPhones, whose latest procreation was released earlier this twelvemonth than last, were up slightly.

The premium tier is the lone conception of the mobile marketplace that’s shown resilience, and Apple’s spot successful that class helped it scope its champion third-quarter stock to date, according to Canalys. It further closed the spread connected Samsung, whose item successful the play was the motorboat of caller foldable handsets that improved its merchandise premix with much high-end offerings. The South Korean electronics giant, which appointed Jay Y. Lee arsenic its enforcement president this week, is betting connected foldables arsenic the cardinal to unlocking maturation successful the mostly stagnant smartphone business.

“Slow inventory turnover and mediocre economical figures person affected the channel’s confidence, falling backmost to large brands with iconic devices to make traffic,” said Canalys expert Toby Zhu. “Managing the gloomiest Q4 outlook successful implicit a decennary volition amusement which vendors are well-positioned for the long-term.”

--With assistance from Sam Kim.

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