Apple Stock Nears Record Highs as Smartphone Market Share Hits 22%

Key Facts

1Apple achieved a record 22% smartphone market share in the third quarter.

2Apple's share growth came despite a 20% slump in the global smartphone market.

Apple achieved a record 22% smartphone market share during the third quarter. Benzinga reported that the company's share growth occurred despite a 20% slump in the global smartphone market, as premium demand for the iPhone 18 Pro helped the manufacturer outperform the broader sector.

Apple (AAPL) was trading at $340.06 on October 12, 2026, reaching a session high of $342.63. In the wider technology sector, MSFT closed at $535.07 and META closed at $718.67 on October 9, 2026, while GOOGL ended the same session at $351.66.