Apple competes against other companies; that's a part of doing business. Comparing the results to its competitors, Apple Inc reported Total Revenue increase in the 3 … So Why Is The Industry Struggling So Hard? Samsung trails Apple significantly in market share at just 11.1 percent, but grew faster at 127 percent. Apple Computer Inc. has one of the biggest and most loyal customer bases, who supported the continued growth of the company. Global Smartwatch Shipments market share by brand in Q1 2018 vs Q1 2019. The main battlegrounds are emerging markets, where no company is well established. Quick ratio: A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. You may also like reading SWOT analysis of Apple Inc & Marketing mix of Apple Inc. Other relevant articles for you are: Advantages and disadvantages of franchising. Apple faces the strong force of competitive rivalry or competition. Toshiba. Apple’s other three big competitors in the country are LG, Motorola, and Google with 6.4%, 3.58% and 2.5% market share respectively. Also enter your email address at the bottom of the site to ‘Join us’ free for our newly published articles and newsletters. Apple Inc. has evolved fro… Though Apple is the market leader, a sudden rise of Amazon in the third quarter of 2019 is seen as a market changer (Owen, 2019). On the given date, Apple’s CEO Tim Cook sent a letter to investors cutting guidelines for the 4th calendar quarter of 2018. Last update: 08 October 2020. Samsung is the closest competitor of Apple’s iPhone but its market share is comparatively much lower. Other players include Imoo, which lost share this quarter, and Amazfit, Huawei, which has just 2.8 percent but is growing fast, and Fossil, which shrank slightly to 2.5 percent of the market. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Apple’s Shocking MacBook Pro Leak Confirms Massive Upgrade, New Apple Watch For Christmas? 4. Personal computer market is highly competitive and constantly changing due to technological innovations and the rapid changes in consumers’ taste. Incompatibility With Other Software In addition, I've led technical teams, built social sites and mobile apps, and consulted on mobile, social, and IoT. They might be entering into areas in which they lack competencies; remember the failure of Apple maps. The primary business activity of the company is Electronic Computers (SIC code 3571). In 2014, I was named to Folio's top 100 of the media industry's "most innovative entrepreneurs and market shaker-uppers.” I live in Vancouver, Canada with my family, where I coach baseball and hockey, though not at the same time. Dell Technologies (DVMT) is a manufacturer of both desktop and mobile computing devices and one of Apple's primary competitors. This is because it rarely markets its products. Comparisons of the figures are made within Apple’s own performance over the past financial years and where appropriate the figures are compared to two Apple’s competitors. I've been a journalist, analyst, and corporate executive, and have chronicled the rise of the mobile. This PESTEL/PESTLE analysis identifies the most significant external factors that Apple must include in addressing its remote or macro-environment. Apple Inc.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. The Apple Watch is finally here in what has been one of the longest waits for an Apple anything in the company’s history. Low switching cost (strong force) Companies like Samsung and LG aggressively compete with Apple. According to StatCounter (2019), the main competitors and their global market shares are as follows: It is worth mentioning that Apple is the market leader in the USA with 54.25% market share, while Samsung is in the second position with 26.79% market share. We hope the article ‘Competitors of Apple (Competitor analysis of Apple)’ has been helpful. These factors present opportunities or threats that impact the business. High aggressiveness of firms (strong force) 2. Holst, A. While the computing industry has been seeing a decline in the recent years, in 2017 and 2018, Apple again started climbing the charts to restore its … Samsung trails Apple significantly in market share at just 11.1 percent, but grew faster at 127 percent. Google , Apple’s second largest competitor is very good at software, application software and services, but has only developed a few unsuccessful hardware products. Their … I forecast and analyze trends affecting the mobile ecosystem. Now the competitive analysis of Apple with other competitors is shown in the table below. That won't be generally available until 2025, Wang suggests. (2019) Market share held by the leading personal computer vendors worldwide in 2018, available at: https://www.statista.com/statistics/267018/global-market-share-held-by-pc-vendors/ (accessed 08 November 2019), Owen, M. (2019) Apple’s iPad still leading global tablet market despite Amazon surge, available at: https://appleinsider.com/articles/19/11/06/apples-ipad-still-leading-global-tablet-market-despite-amazon-surge (accessed 08 November 2019), Statcounter (2019) Mobile Vendor Market Share Worldwide, available at: https://gs.statcounter.com/vendor-market-share/mobile (accessed 08 November 2019), Statcounter (2019) Tablet Vendor Market Share Worldwide, available at: https://gs.statcounter.com/vendor-market-share/tablet/worldwide (accessed 07 November 2019). Apple Inc. is an American multinational technology giant, founded in 1976 by Steve Jobs, Steve, Wozniak, and Ronald Wayne. If you liked any of these articles, please feel free to share with others by clicking on the icons below. The Apple Watch is typically higher cost than competitor products from Samsung and Fitbit, giving the Cupertino company a disproportionate share of global smartwatch revenue, much like it enjoys with iPhone in the smartphone market -- where it recently dropped 30% in quarterly shipments. That helped Apple expand market share slightly to 35.8 percent. In this case, it has a limited portfolio as compared apple competitors like Dell, Samsung and Microsoft. On January the 2nd of 2019, the beginning of the end started for Apple. ... Apple operates in a modest industry and must exhibit its best performance so that it can stay ahead of the competition. All rights reserved BSSL. Smartwatch shipments jumped a very healthy 48 percent year over year in the first quarter of 2019, according to a new Counterpoint research note. It’s Not You, It’s Them. Apple is also the market leader in the UK with 49.2% market share, and its two nearest competitors are Samsung, and Huawei with 29.12%, 9.46% market share respectively. In Q3 2019, the market share of iPhone has sustained at 42% followed by Samsung brand smartphones at 25%. As of October 2019, Apple is the second largest smartphone company in the world with 22.09% global market share. Every product is contributing a portion to the overall revenue. This component of Porter’s Five Forces analysis model determines the intensity of the influence that competitors have on each other. Premium Pricing Strategy Apple sets premium prices for its products and minimizes discounts to wholesalers to keep prices consistent across the market. You only hear about Apple when it is launching a new product or when there has been a recent update on its software or products. Apples high performance is linked to the companys effectiveness in addressing external factors in its remote or macro-environment. It is headquartered in California, the USA. Apple Inc.’s current ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. Dell named after Michael Dell. Competitors of Apple . Fitbit has the fourth-largest share at just 5.5 percent, but grew significantly from just 3.7 percent in the same quarter last year. Such aggressiveness, observable in rapid innov… As of October 2019, its nearest competitors in this market are Samsung, Amazon, Huawei, & Asus with 17.31%, 3.82%, 1,34%, and 1.2% market share respectively (Statcounter, 2019). Toshiba is one the widely recognized brands that provide a wide range of electronics. Apple Inc. does not have any competition against its competitors. The timeline on this development is long, however. Opinions expressed by Forbes Contributors are their own. This gives smaller businesses the opportunity to compete with Apple for a market share. Almost 30 percent of the market has been captured by a large number of brands with tiny market share. The UI of Nubia Alpha comes with features like gesture control, shortcuts with image capture, and moving through apps. Auditor's conclusion We have conducted a comparative analysis of the balance sheet and the income statement of Apple Inc. (hereafter – the "Company") for the year 2019 submitted to the U.S. Securities and Exchange Commission (SEC). The ECG heart measuring capability, says Sinha. Low differentiation of products (strong force) 3. It began as a computer software and hardware manufacturers. This suggested consolidation to Apple, Samsung, and Huawei is likely, with niche market share from the likes of Fitbit, Fossil, and Garmin. Who are the main competitors of Apple in the tablet market? Interestingly, there is still a lot of diversification in smartwatch manufacturing and brands. Samsung Electronics, Apple’s strongest competitor, lacks a comprehensive OS and has very few apps and services to offer for its customers. Comparison of Key Ratios and Metrics with Respect to Market One thing market share numbers don't show: revenue share and profitability. Apple easily bests its competitors in terms of hardware sales and high-end gadgets. Our other work on the SWOT Analysis of Apple has studied the strengths this company acquired. The iPhone X broke the mould in 2017 but 2018’s iPhone XS and XS Max, while very good phones, were only iterative improvements even though Apple pushed the … With all that money to be made, there is aggressive competition in each are Apple operate in. He has a keen interest in business, hospitality and tourism management. https://www.statista.com/statistics/267018/global-market-share-held-by-pc-vendors/, https://appleinsider.com/articles/19/11/06/apples-ipad-still-leading-global-tablet-market-despite-amazon-surge, https://gs.statcounter.com/vendor-market-share/mobile, https://gs.statcounter.com/vendor-market-share/tablet/worldwide, Advantages and disadvantages of simple random sampling. The firms success is a result of various strategies created to exploit opportunities and protect the business from threats. Therefore, Apple must keep very close eyes on Amazon. Interestingly, the top nine brands account for 75 percent of the market. Apple leads the smartwatch market and grew just faster industry pace: 49 percent. Over the years, during 2019, Apple has announced three new versions of iPhone – iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max. Competitors of Apple (Competitor analysis ... - How And What The most desirable feature in Apple Watch? © 2020 Forbes Media LLC. Thanks to the company's early 2000s reputation as a nonconformist response to … In fact, some of the foldable screen technology that has recently been interesting (and faulty) in smartphones might be coming to your wrist: "Foldable displays are coming to smartwatches," says Counterpoint associate director Brady Wang. I've been a journalist, analyst, and corporate executive, and have chronicled the rise of the mobile economy. Copyright ©2017 - 2025. Apple is one of the most valuable companies as of 2019. Apple Weaknesses in SWOT Analysis Narrow Product Line. It is an American multinational computer company that deals in … recently dropped 30% in quarterly shipments. While Apple is already in a lead… In Apple’s case, this influence is based on the following external factors: 1. The table below lists the SWOT (Strengths, Weaknesses, Opportunities, Threats), top Apple competitors and includes Apple target market, segmentation, positioning & Unique Selling Proposition (USP). 7 Tips To Make The Most Of It, 16-Inch MacBook Pro: Leaks Point To This In 2021, Apple Loop: iPhone 13 Upgrades Confirmed, iOS Privacy Switched On, New MacBook Pro Design, Android Circuit: Risky Galaxy S21 Ultra Plan, OnePlus’ New Concept Phone, Powerful SnapDragon 888 Benchmarked, Here Is How You Can Help NOAA And NASA Forecast Changes In Earth’s Magnetic Field, Here Are Four Accelerated Technology Trends Impacting The 2021 Commercial Real Estate Market, Can’t Setup Your New Apple Product? Legal Hemp, Notably CBD, Generates Astonishing Revenues. Dell. Apple Inc.’s quick ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. John Koetsier is a journalist, analyst, author, and speaker. Apple is of one of those companies which have secured the status of a highly profitable and investment-worthy company. Apple Inc.’s net profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. For 2019, Needham forecasts services revenue of $11 billion, making it Apple's fastest-growing division (30% year- over-year) and second-largest overall behind the $61.3 billion in iPhone sales. What's next in smart watches might not look like a watch at all. I built the VB Insight research team at VentureBeat and managed teams creating software for partners like Intel and Disney. You may opt-out by. Joe David has years of experience both in the UK and abroad. Apple product portfolio comprising 6 to 7 products. This gives Apple control over the entire process of product development, manufacturing and marketing – an advantage that competitors find difficult to match. The second major geography that Apple dominates is Europe. Here are ten of apple’s biggest competitors. Apple is well known as technology giant and an innovative company that has brought several superhit products to the market including iPod, iPad and Mac. Apple is rapidly expanding into new services such as video content streaming, game streaming, credit card – competing with the dominant players such as Netflix, Disney, Citi, Chase, Paypal, etc. All Rights Reserved, This is a BETA experience. “The heart rate sensor for health monitoring, GPS and pedometer sensors for fitness, and NFC embedded for payment are some of the key integrated technologies," says Counterpoint research analyst Satyajit Sinha. "Related use-cases and in addition to notifications with cellular capability are driving the smartwatch adoption. Apple is the dominant leader in the global tablet market with 66.32% market share. He writes regularly online on a variety of topics. Apple Inc. has established its economic moat by developing competitive advantages around the industry. However, we are still in nascent stages in the evolution of smartwatch form-factors.". 5C analysis of Apple (5Cs of Apple) If you liked any of these articles, please feel free to share with others by clicking on the social sharing icons. However, limited battery life remains a pain point for consumer’s decision-making process, irrespective of region and price band.”. This article aims to explore the main competitors of Apple in different markets. As of 2018, Apple’s market share in the global personal computer market is 6.9% which makes the company the 4th largest in the world. "Nubia’s attempt to design 'smartphone + smartwatch' adds smartphone level capability to the wrist form-factor. Ten years of annual and quarterly financial ratios and margins for analysis of Apple (AAPL). Apple Computer Inc. was founded by Steve Jobs and Steve Wozniak in April 1976. Further reading/references. However, it faces a number of powerful competitors in its global smartphone markets. By: Joe David | Tags: Business Environment & Strategy, Competitors of Apple (Competitor analysis of Apple). Apple Strategic Analysis. I forecast and analyze trends affecting the mobile ecosystem. That’s what you might think after reading the different reports, analysis, comments, especially one comparing Apple to Nokia. Its main competitors in this global market are Lenovo, HP Inc, Dell, Acer, and Asus with 22.5%, 21.7%, 16.2%, 6.1%, and 6.0% market share respectively (Holst, 2019). This makes the smartwatch versatile and user-friendly. From q1 2018 to q3 2019, the market share of Samsung has remained at between 21% to 25%. The company has made a strong return in the recent years. Net profit margin: An indicator of profitability, calculated as net income divided by revenue. Who are the main competitors of Apple in the smartphone market? From the region, it generated around 23% of its revenue in fiscal 2019. 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