US technology company Apple led the global smartphone market in the third quarter with a nearly 43 per cent share of the industry’s total revenue, its highest-ever for a September quarter, according to a new report.
Sales of its iPhone accounted for about 49 per cent of the company's total revenue in the quarter that ended on September 30, Counterpoint Research said in a Friday note.
Phone sales surged nearly 2.7 per cent compared to the same quarter last year, to more than $43.8 billion, close to analyst estimates of $43.81 billion.
This was despite the company’s latest iPhone 15 series being available for one fewer week in July-September 2023 than its predecessor in the same period last year.
In September, Apple launched four devices – the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max.
“Pro Max being the best-selling variant of the iPhone 15 series contributed to Apple also achieving its highest-ever third quarter operating profit,” Harmeet Singh Walia, senior analyst at Counterpoint, said.
Apple’s market value topped $3 trillion in June, anchoring its position as the world's most valuable company. It stood at $2.75 trillion on Friday.
However, revenue recorded by the global smartphone market remained flat on a yearly basis in the third quarter to more than $100 billion, despite growing by 15 per cent compared with the second quarter, Counterpoint research revealed.
South Korean manufacturer Samsung’s average selling price of phones jumped 4 per cent on an annual basis in the third quarter, driven by the launch of Fold 5, increased momentum in S23 series’ sales, and a higher flagship share in major product line-ups, Counterpoint said.
However, an 8 per cent shipment decline during the period offset the price increase, causing Samsung’s revenue to drop by 4 per cent annually. It captured nearly 18 per cent of the industry’s revenue in the last quarter.
It was followed by Chinese brands Xiaomi, Oppo and Vivo.
Counterpoint also said that the “full impact” of the iPhone 15 series remains to be revealed, especially as consumers approach the holiday season when users are likely to upgrade from their iPhone 11 and 12 devices.
Although the initial performance of the latest iPhone series in China was somewhat lacklustre in the launch quarter, primarily due to a shorter pre-holiday shopping window and supply mismatches, the year-ending quarter could potentially show improvement.
This is expected to be driven by a strong performance during the 11.11 (November 11) sales event in China, which is likely to benefit not only Apple but also other Chinese smartphone manufacturers, Counterpoint said.
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
UAE currency: the story behind the money in your pockets
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Killing of Qassem Suleimani
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
