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00:02The global smartphone market weakened in the second quarter as memory shortages pushed
00:06up costs and prices, according to CounterPoint Research.
00:09Global shipments fell 7% year-over-year, while North American shipments rose 6% and Western
00:14Europe declined 1%.
00:15Samsung reclaimed the top position with a 23% global share as shipments increased 9%.
00:20Apple shipments jumped 13%, lifting its market share to a record 21% as demand for the iPhone
00:2617 series remained strong.
00:28Apple was also the only major smartphone maker that avoided raising prices amid higher memory
00:32costs.
00:33Xiaomi shipments plunged 26%, while Oppo and Vivo also lost market share.
00:38Xiaomi was hit harder by rising memory costs because of its greater reliance on lower-priced
00:42smartphones, according to CounterPoint.
00:43For all things money, visit Benzinga.com
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