EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
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
