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Apple’s iPhone Shipments Plunge 10% as Android Rivals Rise

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC.

The global mobile market rose to 289.4 million handsets shipped, marking a 7.8% rise from a year ago. Samsung Electronics Co. regained the top spot. Budget-focused brand Transsion jumped 85% in shipments, while Xiaomi Corp. bounced back to close the gap on second-place Apple.

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