This Company Just Overtook Apple in Global Smartphone Shipments

Investors in Apple (NASDAQ: AAPL) have a love-hate relationship with the iPhone. On one hand, the iPhone is the product that catapulted Apple onto becoming a $1 trillion and then a $2 trillion company.

On the other hand, investors tend to focus almost exclusively on smartphone sales, even though the iPhone only makes up about half the Apple's sales today. The market didn't react very well back in 2018, when Apple said it would no longer be disclosing iPhone units sold, and Friday's sell-off following Apple's earnings report could be attributed to weaker iPhone sales ahead of the iPhone 12 launch, even though the company beat both revenue and EPS expectations.

With the iPhone still the star of Apple's show, some investors could be nervous that recently released third-quarter numbers showed Apple being overtaken as the third largest global phone vendor. Here's who unseated Apple, and what investors should think.

Source Fool.com