Apple drops to fourth in worldwide smartphone marketshare, report says

Newly released estimates from research firm IDC put Apple in fourth place among the world's top smartphone vendors after the tech giant reported a year-over-year decline in iPhone revenue on Thursday.

According to data gleaned from IDC's Worldwide Quarterly Mobile Phone Tracker, Apple shipped an estimated 41.6 million iPhones in the third calendar quarter of 2020. That figure is down 10.6% year-over-year and gave the company an 11.8% share of the market, dropping it from third to fourth place."This drop was expected and is mainly due to the delay in the launch of the new iPhone 12 series, which is usually in the third quarter," the report said. "Regardless, the iPhone 11 series did exceptionally well, contributing the majority of Apple's volume, followed by the SE device."

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