Apple Inc. (NASDAQ: AAPL) saw its smartphone chipset shipments increase slightly year over year in the second quarter, according to a report by Counterpoint Research. The firm attributed the growth to stronger sales of the iPhone 17 series, particularly the Pro models, which have exceeded the sales of the previous iPhone 16 lineup.
Counterpoint noted that Apple captured 19% of the global smartphone chipset market in the second quarter. The firm expects shipments of the A19-series chips to exceed those of its predecessor. The report highlighted solid Pro-model sales across various regions.
Conversely, Qualcomm Incorporated (NASDAQ: QCOM) and MediaTek faced pressure from weaker shipments and a persistent memory shortage. Qualcomm’s shipments declined year over year, partly due to Samsung Electronics Co. Ltd. using its Exynos 2600 in base Galaxy S26 models in select regions. MediaTek also posted a year-over-year shipment decline, with memory constraints weighing on mainstream and entry-level products.
Samsung’s Exynos shipments increased year over year, supported by the Galaxy S26 series and midrange demand from devices like the Galaxy A57 and Galaxy A37. However, the broader smartphone semiconductor market remained under pressure, with global smartphone shipments falling 21% year over year.
Regarding Apple’s stock price, shares were down 0.31% at $315.25 during premarket trading on Wednesday, according to Benzinga Pro data.
