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Apple Inc (NASDAQ:AAPL) boosted its dominance of the U.S. smartphone market in the previous quarter, with Samsung trailing the iPhone maker as a distant second.
What Happened: Data from Counterpoint Research indicates that iPhone began 2022 on a strong note as it garnered 56% of the market share in the fourth quarter of 2021, with Samsung following at 22%.
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U.S. Smartphone Market Share — Courtesy Counterpoint Research
Smartphone shipments rose 10% on a year-over-year basis and 30% on a quarter-over-quarter basis in the fourth quarter of 2021, as the iPhone 13 launched filing channels for the holiday season, according to Counterpoint Research.
In the premium segment, Apple grew 67% sequentially — thanks to the iPhone 13, while Samsung registered an 11% drop in the same time frame as it could not replenish its S21 series fast enough.
See Also: How To Buy Apple (AAPL) Shares
Why It Matters: iPhone 13 was launched in September last year and was made available in five new colors.
Apple analyst Dan Ives said last month that a “robust consumer demand story” for the iPhone 13 is continuing into 2022.
Ives noted that China is a “major source of strength” for Apple as the company has gained 250 bps of market share there in the 12 months leading up to January on heels of its 5G “iPhone 12/iPhone 13 Tag Team product cycle.”
Price Action: On Tuesday, Apple shares closed 2.3% higher at $172.79 in the regular session and fell 0.9% in the after-hours trading.
Read Next: Apple Shares Plan To Reduce Misuse Of AirTags With Spying: What You Need To Know
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.