CNBC: Nothing’s Founder Says Apple Will Take 80 Percent of U.S. Smartphone Market
The founder of the startup Nothing allowed the total dominance of Apple in the smartphone market. This is reported by the CNBC channel.
Commenting on the emergence of new smartphone brands in the US market, Carl Pei, the founder of the startup Nothing and OnePlus, drew attention to the strong position of Apple in the market. According to the entrepreneur, the IT giant has a chance to take 80 percent of the smartphone market.
“Maybe there will come a time when Apple will have 80 percent of the market, and Android-based manufacturers simply won’t have enough room to continue working,” Pei expressed his concerns. According to the entrepreneur, iPhones are very popular among generation Z. Carl Pei also believes that Apple device users are strongly tied to the ecosystem thanks to services such as iMessage and AirDrop.
Pei also stressed that suppliers working with Apple do not want to cooperate with other companies. As an example, the entrepreneur cited Foxconn, which did not agree to produce smartphones for Nothing due to financial risks.
In early December, investment bank Piper Sandler estimated Apple’s financial losses due to the shutdown of smartphone production. According to experts, the lost profit of the American corporation will be about $8 billion by the end of the quarter.
Source: Lenta
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
