Apple Captures 65% of Global Premium Smartphone Market

Apple captured 65% of the global premium smartphone market in the first half of 2026, as the wider premium segment's share of overall smartphone sales climbed to a record 29%. That's according to Counterpoint Research's Handset Model Sales Tracker, which tracks smartphones with a wholesale average selling price of $600 or more. Apple's premium segment revenue grew 9% year-over-year in the first half of 2026, which Counterpoint attributed to strong sales of the iPhone 17 lineup, particularly the base model. Even with that growth, Apple's share of the premium segment has slipped from 74% in the first half of 2022. Counterpoint pins the decline on intensifying competition in China, the largest premium smartphone market, where Huawei, Xiaomi, OPPO, and vivo have all sharpened their flagship offerings, pulling more Chinese consumers toward domestic premium brands. Across the broader premium segment, unit sales grew 5% year-over-year in the first half of 2026, with the segment's overall market share up from 25% in the first half of 2025 and 20% in the first half of 2022. Counterpoint says the latest gains stem largely from rising memory and component costs, which have hit low- and mid-tier phones harder than flagship models. Premium brands, including Apple, were better positioned to absorb the higher costs through wider margins and fewer promotions, helping sustain demand even as the broader market grew more challenging. The share gains between the first half of 2022 and the first half of 2025, by contrast, were driven mainly by a broader premiumization trend as consumers traded up to higher-end devices. Counterpoint Research said the narrowing price gap between mid-tier and premium phones is accelerating that shift, making flagship devices, including older or discounted iPhones, a more attractive upgrade for consumers: As mid-segment Android smartphone prices rise, the price gap with premium devices, especially older or discounted flagship models, is narrowing. This trend makes flagship smartphones a better upgrade option for consumers. To support this shift, OEMs are expanding financing, trade-in and buyback programs to improve affordability. Samsung has also expanded its Galaxy Forever program to several markets to make flagship devices more accessible. Samsung remains the only other brand in Apple's league, holding 19% of the premium segment after 3% year-over-year growth, despite a later launch for the Galaxy S26 series. Behind the two leaders, Chinese brands showed the sharpest growth off a much smaller base: OPPO grew 69% on the strength of its Find X9 series, while vivo grew 20% as the X300 series outperformed its predecessor. Counterpoint expects Apple to keep its lead alongside Samsung, citing Apple's strength in developed markets, its integrated ecosystem, and its brand value, even as Huawei and Xiaomi are seen as well positioned to keep gaining share in China. Counterpoint added that premiumization "will be the key strategy in the smartphone industry as the focus shifts from shipment volumes to value and profit maximization." Popular StoriesiPhone 18 Pro Max Component Costs Could Rise Nearly $300The bill of materials for the iPhone 18 Pro Max is expected to rise by nearly $300 compared to the iPhone 17 Pro Max, according to a new Counterpoint Research analysis. The estimate covers the 1TB storage model. NAND flash costs for the device are said to exceed $250 on their own, a figure that would cover roughly half of the iPhone 17 Pro Max's entire estimated component cost. DRAM pricing...Apple Watch Accounts for 90% of AI Smartwatch ShipmentsApple accounted for roughly 90% of all Edge AI-capable smartwatch shipments in the first quarter of 2026, according to new data from Counterpoint Research. That dominance came as Edge AI penetration across the broader smartwatch market grew 70% year-over-year, reaching 25% in the first quarter of 2026, according to Counterpoint's Global Smartwatch Shipments Tracker. "Edge AI" refers to...iPhone 18 Pro Launching Next Month With These 12 New FeaturesIt is now August, and that means the iPhone 18 Pro and iPhone 18 Pro Max are just a month away. The devices are expected to look similar to the iPhone 17 Pro and iPhone 17 Pro Max, but there will still be many year-over-year changes, with rumored features including a smaller Dynamic Island, 5G via satellite, and more. Apple is expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max, and a...