Apple has been ruling its niche for a long period of time. The moment Steve Jobs announced to revamp the perception of the people and create history with the smartphones, the series of events had taken a U-turn for Apple.
The flagship of the company, iPhone X, helped it enter the trillion dollar club. However, the revolution started in 2007, with the advent of the first-ever iPhone. Initially, the market value of the company was $100 million or £77 million. The analysts believed that the company may not enjoy further portions of profit and the fruitful days were gone. However, the results of the third quarter have convinced the analysts that the trail of profit earning has not ended yet as the share price pushed further. People also speculated that the sky-rocketing price of the latest smartphone from the company might sabotage the cut in profit.
However, in spite of entering the trillion dollar arena and selling the most revolutionary smartphone of the era, the rank of the company has come down to the 3rd. The 2nd position is taken by Huawei from China while Samsung is still ruling in the 1st position.
Huawei is witnessing huge sales in its own country. On the contrary, the sales of the flagship of Samsung, the Galaxy S9 has not lived up to the expectation of the company as well as the analysts.
Huawei is gaining a steep momentum in serving the niche of the consumer market with its innovative and promising technology. Initially, the company targeted to stand among the top three smartphone makers in the world and stepping towards reaching the number one. The conjugation of a few key factors likes the thorough financial firepower and high-quality handsets have helped the company take a huge leap to the 2nd position.
On one hand, Apple must not be worried about its existence while on the other; Samsung must take a look back to ensure its 1st position.
Victor Singh was born and raised in Dickinson. As a journalist, Victor has contributed to many online publications including the Valley City Times-Record and NPR. In regards to academics, Victor earned a degree in business from Mayville State University. Victor covers economy stories here Lake View Gazette.