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● LIVE Updated 1h ago · 14 sources tracked

Apple & Samsung dominate the smartphone market amid decline

Global smartphone shipments have declined by 20% year-over-year, marking the lowest in 14 years, due to continued memory constraints. Despite this decline, Apple and Samsung have emerged as dominant players in the market. Apple's iPhone has hit a record Q3 shipment share, showcasing strong growth.

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  • ✓ Global smartphone shipments have declined by 20% year-over-year, marking the lowest in 14 years.
  • ✓ Apple and Samsung dominate the global smartphone market despite the decline.
  • ✓ Apple's iPhone has hit a record Q3 shipment share.
🛡️ Source Corroboration: 14 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The latest reports confirm that Apple's iPhone has achieved a record Q3 shipment share, contributing to the company's strong performance in a declining market.

Live updates

  1. Apple and Samsung dominate smartphone market amid 20% decline

    Global smartphone shipments have declined by 20% year-over-year, marking the lowest in 14 years, due to continued memory constraints. Despite this decline, Apple and Samsung have emerged as dominant players in the market. Apple's iPhone has hit a record Q3 shipment share, showcasing strong growth.

    Why it matters

    The global smartphone market is experiencing a significant downturn due to memory shortages and supply chain constraints. This decline affects various manufacturers, but Apple and Samsung have managed to maintain their market share. The performance of these two companies in a declining market highlights their resilience and strong brand presence.

    What is confirmed

    • Global smartphone shipments have declined by 20% year-over-year, marking the lowest in 14 years.
    • Apple and Samsung dominate the global smartphone market despite the decline.
    • Apple's iPhone has hit a record Q3 shipment share.

    What to watch next

    • Future smartphone shipment trends
    • Memory constraint resolutions
    • Apple and Samsung's Q4 performance
    Sources used for this update (15)
    1. www.apple.com — Apple
    2. www.apple.com — Apple Store Online
    3. account.apple.com — Manage your Apple Account
    4. support.apple.com — Official Apple Support
    5. stocktwits.com — Stocktwits - Stock Market Live Quotes, Social Community...
    6. Counterpoint Research — Global Smartphone Shipments Hit a New Low with 20% YoY Decline, Lowest in 14 Years as Continued Memory Constraints Tighten Supply
    7. Reuters — Global smartphone shipments record worst third quarter in 14 years amid memory shortage
    8. AppleInsider — Apple & Samsung dominate the smartphone market amid decline
    9. CNET — Smartphone Shipments Just Hit a New Low. Thanks, RAMageddon
    10. 9to5Mac — iPhone hits record Q3 shipment share as global smartphone market plunges 20%, per report
    11. Fortune — As memory costs soar, how much are people willing to pay for a smartphone?
    12. GSMArena.com — Samsung and Apple were the winners in a Q3 smartphone market that dropped 20% - GSMArena.com news
    confidence 100%
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