FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0

Apple is first in the US to $1 trillion, but third in the global smartphone market

3rd

Apple may have been the first US company to hit a $1 trillion market cap, but the company still lost global market share to China’s biggest smartphone companies.

Published   |  Photo by Reuters/Damir Sagolj
FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

A day before Apple hit the mark, it ceded its second-place global smartphone sales crown to Huawei—despite the Shenzhen-based giant being locked out of the US.

FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

It’s the first quarter Apple’s come in second since Q2 2010, and renews speculation that Huawei could be the top smartphone seller by the end of 2019.

FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

Apple’s long road to a $1 trillion valuation

FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

At this rate, it may not matter if Huawei ever manages to break through to US consumers. There’s plenty of room for growth in Europe, Asia, and Africa.

FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

Competition aside, Apple’s in a comfortable spot. Even with slower iPhone sales, the company’s making plenty of money on devices and services as profits and revenue keep climbing.

FILE PHOTO: A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo - RC1D6581CBF0
3rd

Global smartphone market share

home our picks popular latest obsessions search