Global smartphone shipments saw their steepest Q3 decline in over a decade, largely due to rising DRAM and NAND flash prices inflating material costs. This has led to higher retail prices and consumers holding onto devices longer. Despite the overall market downturn, Apple and Samsung managed to increase their market share. Apple's iPhone share grew to over 20% for the first time in Q3, driven by strong demand for the iPhone 18 Pro and sustained momentum from the iPhone 17, while Samsung also saw a four-percentage-point increase in its share. Conversely, Chinese manufacturers Xiaomi, Oppo, and Vivo experienced significant shipment declines and a drop in market share. AI
IMPACT Confirms that rising component costs and premiumization trends are reshaping the consumer electronics market.
RANK_REASON Industry-wide market share shifts and shipment data analysis from a reputable research firm. [lever_c_demoted from significant: ic=2 ai=0.1]
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- Apple Inc.
- iPhone 17
- Counterpoint Research
- dynamic random-access memory
- Galaxy Fold 8
- iPhone
- iPhone 18 Pro
- NAND flash
- Oppo
- Samsung
- vivo
- Xiaomi
- iPhone 18
AI-generated summary · Google Gemini · from 2 sources. How we write summaries →