Analysts at Market research agency Trend Force suggest that by the end of the calendar year 2017, the latest iPhone X could help Apple overtake the current leader Samsung to claim the top spot.
Analysts have revealed that the total smartphone production reached a whopping 384 million units in Q3 2017, which is expected to go up by 6.3 percent and reach 424 million in the next quarter.
Currently, Samsung is at the helm of things with a 21.1 percent market share. Though, analysts indicate that the Korean giant is experiencing a drop in sales of its handsets in major international markets. They further added that the newly launched iPhone X could be the reason that sales of Samsung handsets are slowing down.
According to them, Apple’s market share is expected to go up from 11.5 percent in Q3 to as high as 19.1 percent in the fourth quarter, while Samsung is expected to drop to 18.2 percent. Now, this could help Apple reclaim the top spot from rival Samsung who has been the dominant force for quite sometime now. The iPhone X is expected to help Apple easily overtake its all-time record for revenue in a single quarter of $78.4 billion, which it achieved back in Q4 2016.
Apple is expected to build as many as 81 million iPhone units in the next quarter, out of which 27 million units will be allotted for the iPhone X. However, analysts also indicate that Samsung likely get back on track in the first quarter of next year, as the Korean multinational will get ready to announce its new Galaxy S9 flagship.
To recall, Samsung announced record-breaking results in its Q2 2017 financial earnings report. The Korean giant announced that it generated an operating profit of $12.7 billion and $9.7 billion in net profit, the highest in the company’s despite being engulfed in scandals. The company revealed that strong sales of its new Galaxy S8 flagship as well as high demand for its memory chips played an integral role in creating such massive gains.