It was only a matter of time, but Apple Inc. (NASDAQ:AAPL) has finally caught up with Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) with Smart Connected Devices. A recent report from the IDC indicates that although the South Korean tech company is still in the lead at 21.2 percent, Apple Inc. (NASDAQ:AAPL) is right next to them at 20.3 percent.
Apple Inc. (NASDAQ:AAPL) already has a lead over Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) in many aspects including price and product loyalty. Apple Inc. (NASDAQ:AAPL) has about 30.7 percent of total industry revenue whereas Samsung has about 20.4 percent. Despite Samsung’s low number, they still manage to take a significant lead of all Android devices.
At this year's inaugural London Quality Growth Investor conference, Denis Callioni, analyst and portfolio manager at European investment group Comgest, highlighted one of the top ideas of the Comgest Europe Growth Fund. According to the speaker, the team managing this fund focus on finding companies that have stainable growth trajectories with a proven track record Read More
The industry for Smart Connected devices grew up to almost thirty percent last year all thanks to 78.9 percent boost in tablet sales. The entire amount of tablet shipments ousted 128 million units last year. Next year it’s predicted that mobile sales will oust both laptop and personal computer sales. Tablet sales are predicted to grow up to 48.7 percent whereas computer sales are predicted to dip 4.3 percent.
Smartphones are starting to slow down in growth but are still expected to grow 27.2 percent. This is expected as nearly everyone owns a smartphone these days.
IDC analyst Megha Saini explained, ” In emerging markets, consumer spending typically starts with mobile phones and, in many cases, moves to tablets before PCs. The pressure on the PC market is significantly increasing and we can see longer replacement cycles coming into effect very soon and that, too, will put downward pressure on PC sales.”
This is great news for Apple Inc. (NASDAQ:AAPL) and should hopefully give the company a little more fuel to work with in the future. Tablets and smartphones are essentially the new computers. The portability and convenient use make these products more attractive than stationary desktops or bulky laptops. It also means that the demand for mobile internet services and products will grow.