A Deep Dive into Apple's Dominance in the Smartphone Market

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Explore Apple's significant presence in the smartphone market, including revenue breakdown, market share insights, and ongoing growth trends

United States v. Apple INC Court Filing, retrieved on March 21, 2024 is part of . You can jump to any part in this filing . This part is 3 of 25. HackerNoon’s Legal PDF Series here II. Defendant Apple 19. Apple is a global technology company with headquarters in Cupertino, California. Apple is one of the world’s most valuable public companies with a market capitalization over $2.5 trillion. In fiscal year 2023, Apple generated annual net revenues of $383 billion and net income of $97 billion.

These market shares have remained remarkably durable over the last decade. 23. Apple’s smartphone market shares understate Apple’s dominance and likely growth in key demographics, including among younger American consumers. For example, one-third of all iPhone users in the United States were born after 1996, as compared to just 10 percent for Samsung, Apple’s closest smartphone competitor. Surveys show that as many as 88 percent of U.S.

 

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