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Apple leads sales figures for smartphone on Alibaba for Singles Day

China-based e-commerce site Alibaba posted USD 31 billion in a single day for its Singles Day sale event. Out of all the various categories, Apple beat all its competitors in terms of sales in the smartphones category.

Apple’s perennial competitor, Samsung stood on 8th place in the number of sales, whereas Huawei trailed in 2nd, while Xiaomi took 3rd. The takeaway here is the same as always – Apple reigns supreme in China, while Samsung has pretty much lost its place in the same country, with just about 1% in market share, a considerable decline given it used to be first. The rise of local players with similar and competitive offerings had effectively ruined it.

Meanwhile Cupertino, which has struggled making a profit in Q3 2018 globally, will savour the good news.

Source: CNBC

 

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