00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple outperformed the broader smartphone market in the second quarter,
00:05as global shipments rose 3%, and its market share reached a record 20% for the period,
00:11according to CounterPoint Research.
00:13The iPhone 17 remained the world's top-ship smartphone family,
00:17although Apple's shipments declined in China.
00:20Global smartphone shipments fell 11% to their lowest second-quarter level since 2013,
00:25as DRAM and NAND shortages increased production costs and handset prices.
00:30Samsung regained the top position with a 24% market share,
00:34while Xiaomi, Oppo, and Vivo posted double-digit declines.
00:38CounterPoint expects difficult industry conditions through 2026
00:41and said the memory shortage could persist into 2027.
00:46Apple shares fell 1.06% to $313.95 in Tuesday pre-market trading,
00:53according to Benzinga ProData.
00:55For all things money, visit Benzinga.com.
