00:00It's Benzinga bringing Wall Street to Main Street.
00:02Counterpoint Research slashes 2025 global smartphone shipment growth forecast
00:06to 1.9% from 4.2% according to CNBC,
00:11for citing U.S. tariff uncertainty and weakening global demand.
00:15Apple's projected shipment growth was cut to 2.5% from 4%,
00:18while Samsung is now expected to see no growth down from a prior 1.7% estimate.
00:23Perf said Apple and Samsung faced lowered forecasts due to U.S. market exposure,
00:27their tariffs, and weakened demand across multiple global regions.
00:31Apple faces scrutiny over U.S. tariffs on China,
00:34prompting it to increase U.S. shipments from India as it expands iPhone production there.
00:38Trump criticized Apple for building iPhones in India,
00:41insisting the company should manufacture them in the U.S. instead.
00:43For all things money, visit Benzinga.com slash GSTV.
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