Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
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Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.

Apple had 19% of the smartphone market, despite flat or declining sales in the US, Europe and China, followed by Samsung with 18% of the market, according to Counterpoint.

The data suggests iPhone demand remains strong in emerging markets, even as sales struggle in China due to competition from local players such as Huawei and a lack of AI features.

Separately, International Data Corporation, which primarily tracks shipments rather than sales to consumers, said global smartphone shipments rose 1.5% in the first quarter, with Apple front-loading supply to sidestep potential tariffs under US President Donald Trump.

Apple's shares were up around 3.5%.

Trump's back-and-forth tariffs and escalation of global trade tensions has resulted in global financial market turmoil for the past two weeks, a worsening economic outlook and the possibility of stronger inflation.

Apple had chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India in an effort to beat the tariffs.

However, Trump's decision to exclude smartphones, computers and some other electronics from the sweeping reciprocal duties on China led to a rise in global tech shares on Monday.

"The recent exemption by the US government pausing smartphone import tariffs from China offers temporary relief for US companies, but heavy reliance on China's supply chain persists amid ongoing tariff volatility," said Ryan Reith, group vice president, worldwide device trackers, IDC.

"Right now, the focus for US smartphone brands should be taking advantage of the exemption by building and shipping as much as possible."

Counterpoint, which expects the smartphone market to decline this year due to tariff-related uncertainty, said Xiaomi continued its sales momentum in third place, while Vivo took the fourth spot and OPPO was fifth.



Saudi Arabia to Host Multiverse 2025 Summit in Silicon Valley to Advance AI Leadership, Innovation

Saudi Arabia to Host Multiverse 2025 Summit in Silicon Valley to Advance AI Leadership, Innovation
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Saudi Arabia to Host Multiverse 2025 Summit in Silicon Valley to Advance AI Leadership, Innovation

Saudi Arabia to Host Multiverse 2025 Summit in Silicon Valley to Advance AI Leadership, Innovation

The Saudi Ministry of Communications and Information Technology, represented by the Center of Digital Entrepreneurship (CODE), will host the Multiverse 2025 Summit in Silicon Valley on November 14, under the theme: “AI Forward: Accelerating Innovation at Scale, said the ministry in a statement on Wednesday.

Following the success of the 2024 edition, the summit demonstrates the Kingdom’s efforts to strengthen its global position as a global hub for AI, innovation, and entrepreneurship.

Saudi Arabia also seeks to deepen ties with Silicon Valley ecosystem, foster the growth of the digital economy, and drive the transition into the intelligent era in alignment with the ambitions of Saudi Vision 2030.

The Multiverse 2025 highlights Saudi Arabia’s expanding role in the global AI ecosystem, its empowerment of Saudi startups to build strategic relationships, secure high-value partnerships, and its efforts to attract international investment.

The summit will open new horizons for global collaboration, connecting Saudi Arabia’s tech and innovation ecosystem with international markets.

Moreover, the summit will reinforce Multiverse 2025's position as a global platform that brings together tech leaders, investors, policymakers, and entrepreneurs.

The event underscores Saudi Arabia’s prominent role in shaping the future of the digital economy worldwide through artificial intelligence and emerging technologies.


Aramco Executives Underscore AI’s Role in Advancing Materials Science, Combating Corrosion

The remarks came during the 19th Middle East Corrosion Conference and Exhibition, hosted in Dhahran - File Photo
The remarks came during the 19th Middle East Corrosion Conference and Exhibition, hosted in Dhahran - File Photo
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Aramco Executives Underscore AI’s Role in Advancing Materials Science, Combating Corrosion

The remarks came during the 19th Middle East Corrosion Conference and Exhibition, hosted in Dhahran - File Photo
The remarks came during the 19th Middle East Corrosion Conference and Exhibition, hosted in Dhahran - File Photo

Saudi Aramco executives emphasized the transformative potential of artificial intelligence (AI) in revolutionizing materials science and engineering, particularly in addressing the global challenge of metal corrosion and accelerating the development of innovative materials at an industrial scale.

Their remarks came during the 19th Middle East Corrosion Conference and Exhibition, hosted in Dhahran. The event brought together international experts to explore solutions for mitigating corrosion, a problem that costs the global economy an estimated $3 trillion annually.

During the conference, Aramco announced 28 memoranda of understanding (MoUs) collectively valued at more than $1 billion. These agreements include proposed collaborations in advanced materials research and development, technology innovation, local manufacturing, and training and development initiatives.

In his opening address, Executive Vice President of Technical Services at Aramco Wail Al Jaafari stressed that corrosion management is not merely a technical concern but a strategic priority tied to operational reliability, safety, and environmental stewardship.

Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter noted that AI-driven solutions could significantly reduce the global cost of corrosion, which accounts for nearly 3% of the world’s GDP. He added that approximately $1 trillion could be saved annually through the application of AI and emerging technologies in this field.

The Middle East Corrosion Conference and Exhibition, the oldest and most prestigious regional event dedicated to corrosion science, is being hosted in the Kingdom for the first time.

This year’s edition marks the largest in the conference’s history since its inception in 1979, drawing more than 5,200 participants from 45 countries, featuring over 300 research papers and 25 specialized workshops. The event also includes the first-ever hackathon focused on innovation in corrosion and materials science, with the participation of more than 1,500 students.


Brazil's Central Bank Vows Tougher Rules after Surge in Financial System Cyberattacks

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. (Reuters)
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. (Reuters)
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Brazil's Central Bank Vows Tougher Rules after Surge in Financial System Cyberattacks

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. (Reuters)
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. (Reuters)

Brazil's central bank is preparing to advance tighter regulation of the financial system to curb a rise in cyberattacks, the bank's supervision director, Ailton Aquino, said on Wednesday.

This year, 68 incidents have been reported through October, including 37 cases of fraud, he said at a press conference in Sao Paulo.

That represents the highest number since the central bank began tracking such data in 2018 and is already above the 59 cases recorded in all of last year, according to the bank's Financial Stability Report released earlier in the day, Reuters reported.

Aquino cited the need for stronger oversight of third-party services and Application Programming Interfaces (APIs), which act as bridges allowing different software systems to communicate securely and automatically with each other.

He said the central bank was finalizing rules for direct connections to the financial system's network and expected to release them soon.

"The agenda remains strong," Aquino said.

In September, the central bank issued new rules to strengthen the security of the country's financial system, and earlier this week it regulated the crypto assets market to help prevent money laundering and fraud.