Apple said last week that revenues from the iPhone had fallen by 12pc
Apple has fallen out of the world's top three smartphone makers for the first time in a decade after a decline in iPhone sales.
Shipments of the iPhone fell by 15pc year-on-year during the second quarter of 2019, according to figures from IHS Markit.
It means Apple, which already sat behind Samsung and Huawei in unit shipments, slipped to fourth place behind Chinese company Oppo.
Apple’s chief executive Tim Cook has said that iPhone owners are upgrading their phones at a slower rate and that the price of new models has put off some potential buyers. Meanwhile, sales of cheaper devices running Google’s Android operating system have increased.