<p> Apple Inc is eating into its rivals' smartphone market share as the iPhone maker navigates through a global chip crunch better than other mobile phone makers, according to data providers.</p>.<p>Higher iPhone shipments helped Apple gain at least 3 per cent market share in global smartphones in the third quarter, even as overall shipments shrunk by about 6 per cent due to the chip shortage, according to data from market research firms Counterpoint, IDC, and Canalys.</p>.<p>Given how closely tech companies guard smartphone sales data, the shipment figures are the best indication of who customers prefer.</p>.<p>"We are expecting another massive quarter for Apple and our expectation is they'll take a similar 20 per cent shipment share in calendar year Q4," Counterpoint analyst Tarun Pathak said.</p>.<p>Apple has weathered the supply crunch better than many other companies due to its massive purchasing power and long-term supply agreements with chip vendors even though iPhone 13 production hit a snag due to factory closures in Asia and high demand in the second half of the year.</p>.<p>"Shortages are worst at the low-end, so Apple is less exposed than many of its competitors because it skews heavily toward premium," Ben Stanton, analyst at Canalys, told Reuters.</p>.<p>The shipments of pricier phones drove revenue to a record $100 billion in the third quarter, according to Counterpoint.</p>.<p>The Cupertino, California-based company's supply prowess was displayed in China where it posted a staggering 83 per cent annual sales growth last quarter, remaining one of top choices for big spenders in the world's second-largest economy.</p>.<p>Apple increased shipments in the third quarter, while market leader Samsung Electronics and rival Xiaomi Corp saw a drop as customers were lured by the price cuts to the iPhone 12 series and the faster processor and bigger camera in the latest iPhone 13 devices.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p> Apple Inc is eating into its rivals' smartphone market share as the iPhone maker navigates through a global chip crunch better than other mobile phone makers, according to data providers.</p>.<p>Higher iPhone shipments helped Apple gain at least 3 per cent market share in global smartphones in the third quarter, even as overall shipments shrunk by about 6 per cent due to the chip shortage, according to data from market research firms Counterpoint, IDC, and Canalys.</p>.<p>Given how closely tech companies guard smartphone sales data, the shipment figures are the best indication of who customers prefer.</p>.<p>"We are expecting another massive quarter for Apple and our expectation is they'll take a similar 20 per cent shipment share in calendar year Q4," Counterpoint analyst Tarun Pathak said.</p>.<p>Apple has weathered the supply crunch better than many other companies due to its massive purchasing power and long-term supply agreements with chip vendors even though iPhone 13 production hit a snag due to factory closures in Asia and high demand in the second half of the year.</p>.<p>"Shortages are worst at the low-end, so Apple is less exposed than many of its competitors because it skews heavily toward premium," Ben Stanton, analyst at Canalys, told Reuters.</p>.<p>The shipments of pricier phones drove revenue to a record $100 billion in the third quarter, according to Counterpoint.</p>.<p>The Cupertino, California-based company's supply prowess was displayed in China where it posted a staggering 83 per cent annual sales growth last quarter, remaining one of top choices for big spenders in the world's second-largest economy.</p>.<p>Apple increased shipments in the third quarter, while market leader Samsung Electronics and rival Xiaomi Corp saw a drop as customers were lured by the price cuts to the iPhone 12 series and the faster processor and bigger camera in the latest iPhone 13 devices.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>