CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Apple and Samsung See a Surge in Smartphone Upgrades Last Quarter”📱🌎 🚨🚨🚨

The global smartphone market showed signs of recovery in the third quarter, growing 2.6% year over year, according to new data from market intelligence firm IDC. The surge was driven largely by renewed consumer enthusiasm for Apple (AAPL $247.75, +0.04%) and Samsung’s latest flagship devices.

IDC Vice President of Client Devices Francisco Jeronimo credited the growth to a mix of premium device upgrades and affordable AI-powered smartphones entering the market. “Apple and Samsung posted strong results as their latest devices encouraged consumers to upgrade in the premium segment, while new, affordable AI-enabled smartphones also drove high upgrades in more affordable price categories,” Jeronimo said.

Apple’s new iPhone 17 lineup sparked significant demand, with pre-orders surpassing those of the previous generation, signaling strong consumer confidence in the brand’s innovation cycle. Meanwhile, Samsung’s latest foldable models — the Galaxy Z Fold 7 and Galaxy Z Flip 7 — achieved record performance, outpacing all previous foldable releases and bringing fresh momentum to the evolving foldables category.

The rebound suggests that despite global economic pressures, consumers remain eager to invest in cutting-edge devices that blend design, AI capability, and performance — setting the stage for a potentially stronger holiday quarter.