Edgar Su/Reuters
- As smartphone shipments around the world continue to decline, Apple lost its third spot in the global market to Chinese phone maker Oppo in Q2 2019, according to IHS Markit.
- Apple shipped 35.3 million units in the second quarter of 2019, while Oppo shipped 36.2 million.
- It's a huge jump for Oppo, which saw its year-over-year shipments jump by 13%.
- Visit Business Insider's homepage for more stories.
As global smartphone shipments continues to decline, Apple has dropped to fourth place in the worldwide smartphone market, according to findings from IHS Markit published on August 5.
This marks the seventh consecutive quarter of year-over-year decline for the smartphone market. With 35.3 million units shipped in the second quarter of 2019, Apple fell behind prominent Chinese smartphone makers Oppo and Huawei, as well as South Korean electronics giant Samsung. That marks a decrease from the same quarter one year ago, when Apple shipped 41.3 million iPhones and placed in third.
IHS Markit attributes part of Apple's decline to a lack of price elasticity in its older models, making previous devices a tougher sell, as well as premium pricing for its newer handsets. Apple said in its recent fiscal third quarter earnings results that iPhone sales had dropped by 11.8%, although other product segments like wearables had boomed.
Here's a look at the tech companies that are dominating the worldwide smartphone market right now.
