Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Samsung's Galaxy S24 has propelled the company's smartphone sales in the US to a four-year high, marking a significant achievement.
Galaxy S24 Drives Samsung's Surge: Smartphone Sales Soar, Earnings Rise, and Market Share Hits Four-Year Peak
Samsung's Galaxy S24 has been a success. Since its launch earlier this year, it has helped Samsung increase revenue and earnings. Samsung has increased smartphone sales in the United States at the expense of Google and TCL, as per Sammobile.
According to Counterpoint Research, Samsung's smartphone market share was 31% in the first quarter of this year, a 14% increase from the company's 27% share in Q1 2023.
That increase appears to have been at the expense of Google's and TCL's shipments. Following 2020, Samsung's market share reached a four-year high. Despite the boost in sales, Samsung remained the second-largest smartphone brand.
Apple was the leading smartphone brand in the United States throughout the quarter. It held a 52% market share, similar to previous year's data. That's astounding because the arrival of the Galaxy S24 had little impact on Apple.
iPhone customers will probably remain loyal to Apple rather than switching to Android. This is fantastic news for Samsung, as more people purchase its high-end smartphones, such as the Galaxy S24 Ultra.
Samsung's Remarkable Growth Amidst Overall Decline: Strong Demand Boosts Shipments, Market Share Reaches Four-Year Peak
Overall, smartphone shipments fell 8% in the first quarter of this year. Following the COVID-19 collapse, smartphone sales improved significantly in Q1 2023. Still, one positive development is that individuals prefer purchasing more expensive smartphones.
“A bright spot in the market was Samsung, which grew shipments YoY with the earlier launch of the S24 series. It was Samsung’s best Q1 in four years as the brand grew its market share to 31%, the highest since Q1 2020. There was strong demand from older Samsung users looking to upgrade to a new device,” Senior Analyst Maurice Klaehne said.
Photo: Dhruv vishwakarma/Unsplash
