Wall Street Breakfast Apple's iPhone tops smartphone charts
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Apr 14, 2025 The iPhone has claimed the top spot in global smartphone sales with a significant market share. Meanwhile, Samsung follows closely behind in the competition. In other news, Pfizer has decided to abandon its weight-loss pill project. Additionally, China is imposing restrictions on rare earth exports, which could impact various industries, including defense and electric vehicles. This situation raises concerns but also highlights the resilience of high-liquidity stocks amid market fluctuations.
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Apple Dominates Q1 Smartphone Sales
- Apple led global smartphone sales in Q1 2025 with a 19% market share, followed by Samsung with 18%.
- Apple's growth was driven by strong performance in emerging markets like India and Southeast Asia.
Positive Outlook for Apple
- KeyBank upgraded Apple to sector weight, citing the tariff reprieve as a positive development.
- The global smartphone market grew by 3% year-over-year in Q1 2025.
Crocs Cautions on Trade War Impact
- Crocs, with half of its production in Vietnam, is advising employees to control expenses due to trade war uncertainties.
- CEO Andrew Rees urged staff to be cautious with spending and prioritize initiatives.