Market researchers at IDC see Samsung in a stronger position than in previous quarters. In fact, the Korean company performed better than its US competitor Apple in the first quarter.
Manufacturers shipped around 289.4 million smartphones in the first three months of 2024. According to the current figures from IDCs Worldwide Quarterly Mobile Phone Tracker This corresponds to growth of 7.8 percent compared to the same period last year. The researchers see growth in the third quarter in a row as a “strong indicator” of a market recovery.
However, IDC believes that the market has changed due to the turbulence of the past two years. “”First, we continue to see growth in average selling prices (ASPs) as consumers opt for more expensive devices knowing they will keep their devices longer. Second, there is a power shift among the top five companies that is likely to continue as market participants adapt their strategies for a post-recovery world,” said Nabila Popal, research director at IDC.
Xiaomi is recovering from the sharp declines of the last two years and Transsion is becoming a stable presence among the top 5 providers. “In contrast, while the top two players both posted negative growth in the first quarter, Samsung appears to be in a stronger position overall than in recent quarters,” Popal continued.
Samsung’s sales figures fell by 0.7 percent in January, February and March compared to the previous year. For Apple, IDC determined a decline of 9.6 percent. As a result, the Korean company controlled around 20.8 percent of the market with 60.1 million units (down 1.7 points), while Apple had 50.1 million iPhones and secured a share of 17.3 percent (down 3 .4 points).
Xiaomi, Transsion and Oppo follow in the other places with 14.1 percent, 9.9 percent and 8.7 percent market share, respectively. Xiaomi increased its sales figures by 33.8 percent to 40.8 million units. 28.5 million devices mean an increase of 84.9 percent for Transsion. Oppo, which was just behind Xiaomi a year ago, had to be content with 25.2 million units (minus 8.5 percent).
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The huge US budget deficit threatens the global economy »
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The International Monetary Fund warned on Thursday that the huge US budget deficit is fueling inflation and poses major risks to the global economy.
According to a report issued by the International Foundation, “The US budget deficit is expected to reach 7.1% next year, more than 3 times the levels of budget deficits in other advanced economies.”
The report added, “The US deficit contributed to an increase in core inflation by 0.5%, that is, an increase in the inflation index, without taking into account the prices of energy resources and their products.”
The Fund noted, “It is necessary for interest rates in the United States to remain at a high level for a longer period, so that inflation can return to the target level of 2%.”
Earlier, the chief economist of the International Monetary Fund, Pierre-Olivier Gourincha, said: “The financial situation of the United States is of particular concern, as it “creates short-term risks to the process of slowing inflation and long-term risks to the financial and tax stability of the global economy.”
Data issued by the Treasury Department, earlier this month, revealed that “the US budget deficit exceeded one trillion dollars in the first six months of the fiscal year, paid in part by the rise in interest on public debt.”
Doukas for Panathinaikos stadium: “The project is gaining momentum, don’t waste any more time”
– 2024-04-20 04:35:49
The timetable for the works related to the construction of Panathinaikos field facilities was given by the mayor of Athens to Botanikos Harry Doukas.
“We start with the positive news, since a few days ago I stated that we had all the words, but no work. We are in the field and our own crews are cleaning the specific area, and I say this with all responsibility to the residents of Athens and the friends of Panathinaikos. We are slowly putting things in line and they are bearing fruit”, said Doukas initially at the press conference on the Double Redevelopment project, who added: “We are here with Erasitechnis and PAE Panathinaikos, who are close to us, and everyone together we discuss all the important steps we need to take. Thank you to everyone involved in this project. As the Municipality of Athens, we have created a good climate of commitment and tangible results. the contract is immediately signed for the consortium to take over”.
And the Mayor continued: “Having as the Municipality of Athens the responsibility and the first reason, we created a good climate and now we have tangible results. The contract for the joint venture contractor, which is the most important thing, and the immediate work to remove the rubble are signed immediately. A contract that is complementary, worth close to 7 million euros, and was signed by the Deputy Minister of Finance, beyond the financial committee and passed by the Board of Directors. and the signatures are coming in, so in a very few days the contractor’s bulldozers and trucks will get to work. Our own bulldozers are already doing some preparatory procedures.
I would like to request that the main financing of the new stadium be signed off by the Ministry of Energy and Environment soon, so that we don’t waste any more time. To close the funding chapter, we managed to submit a technical report and extra funding for the cleaning around the stadium. This financing is around 4 million euros. To conclude, the preliminary work for the Amateur has been approved and the work is being done with the consortium of Banks. It is a private project and can run faster. Whatever problem arises, the Municipality will be of assistance. We promise that we will be next to the whole plan, to steer in the right way and that there will be no problem for Amateur Panathinaikos. The project takes on a pulse, and that was a topic that was very important to me and the team that worked on it.”
Panagiotis Malakates spoke from the side of Panathinaikos Amateur: “In two words, we’re finally getting started! All this time we were in discussions with all the agencies in order to be able to announce the start of the works…”.
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