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Apr 16, 2024 • 4 min read

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Samsung vs Apple:

Samsung has regained its position as the world's largest mobile phone seller, overtaking Apple after a drop in sales. According to IDC, during the first quarter, global smartphone shipments grew by 8% to 289.4 million units, with Samsung capturing a 20.8% market share and Apple holding 17.3%. This marks a shift in leadership, as Apple had briefly surpassed Samsung by the end of 2023 after 12 years of Samsung's dominance.
The decline in Apple's market share is largely attributed to reduced sales in China, where local competitors like Xiaomi and Huawei are becoming increasingly competitive. Additionally, Apple faced challenges from China’s policy of banning foreign-made devices in workplaces. Xiaomi secured the third spot with a 14.1% market share. In the first quarter, Apple shipped 50.1 million iPhones, down from 55.4 million in the same period the previous year, marking its most significant sales drop since the global supply chain disruptions caused by the COVID-19 pandemic in 2022.
Despite the setbacks, Apple continues to be a dominant player in the high-end global smartphone market, with the iPhone remaining its most important product. The company's recent market value was recorded at $2.66 trillion, keeping it ahead of other smartphone makers and second only to Microsoft.

Tesla Layoffs:

Tesla is reducing its global workforce by more than 10%, signaling a significant restructuring amidst declining sales and an ongoing price war in the electric vehicle (EV) sector. The layoffs, which took effect immediately, come as part of a broader organizational reshuffle that CEO Elon Musk describes as necessary "about every five years...to reorganize and streamline the company for the next phase of growth." This announcement follows a previous round of job cuts in 2022, which Musk hinted at after expressing concerns about the economy.
Although the exact number of jobs cut in 2022 was not disclosed, Tesla's workforce has grown significantly, from about 100,000 employees at the end of 2021 to over 140,000 by the end of 2023. In related news, two high-ranking Tesla officials, Drew Baglino, senior vice president in charge of battery development, and Rohan Patel, vice president for public policy and business development, also announced their departures from the company on the social media platform X. Musk publicly acknowledged their contributions to Tesla in his responses to their announcements on X.

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