"Forbes" declare : Chinese Smartphone Makers Are Catching Up With Apple

That won't come as a huge surprise to most, but what's intriguing about the future is how the top five Chinese smartphone vendors by active users are catching up. According to its research, five smartphone makers from China are among the top 10 vendors by active users globally. Samsung is in second place globally with 23.5% of global active mobile users. Newzoo's report, which was released in late 2016 but highlighted by chart-maker Statista on Wednesday, said that by the end of last year some 31% of the globe population would be active smartphone users. The lowest smartphone penetration is in the Middle East and Africa, where just 19% of the population actively use smartphones.


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Smartphone Upgrade Shift Would Impact Apple Inc. (AAPL)

In the company's first-quarter earnings call, AT&T ( T) CFO John Stephens said AT&T is witnessing what he sees as a permanent shift in smartphone upgrade behavior. With Apple stock already up 24 percent in 2017 and expectations for the iphone 8 sky-high, Wells Fargo maintains a cautious outlook for Apple stock given the recent trends in smartphone upgrade behavior. As a result of these trends, AT&T sold 1 million fewer iPhones in the first quarter than it did a year ago. In addition, Stephens says an increasing number of smartphone upgrades are software upgrades that can be downloaded and installed without buying a new device. Apple Inc. (ticker: AAPL) investors are eagerly anticipating the launch of the 10th anniversary iPhone 8 due out later this year.




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