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here's your Daily Crunch.

Samsung overtook Apple through a slender 1% lead to secure the top spot in smartphone

shipment volumes during the first quarter of

2023 despite the ongoing contraction of the smartphone market

according to a new report. The South Korean electronics giant shipped a

total of 60.6 million units, narrowly surpassing

apples 58 million in the quarter ending March, according to research firm Counterpoint.

The overall smartphone market saw a year-on-year decline of 14 percent and a

quarter-on-quarter drop of 7 percent resulting in a total of 280.2 million

shipment units in Q1,

the Hong Kong headquartered firm said in a report.

The industry-wide downturn has had a noticeable impact on the financial outcomes

of numerous major players in the smartphone market.

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