Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning, thanks for joining us on this tax day, Monday, April 15th, I'm Julie Morgan.

Samsung is flexing as the number one smartphone maker.

Tesla employees are reportedly bracing for the worst.

And there has been a recall of J&J cough syrup in South Africa.

Samsung has reclaimed its crown as the top smartphone maker from Apple.

According to preliminary data from the International Data

Corporation's worldwide quarterly mobile phone tracker, Apple saw its iPhone shipments

dropped 9.6% in Q1, 2024.

Apple's market share at the end of Q1 was 17.3%

while Samsung's share was 20.8%.

Chinese brands are steadily gaining ground,

with Shoumi taking the third spot with a market share of 14.1%.

Some Tesla employees are said to be bracing for a round of layoffs that could happen soon.

The business insiders spoke to seven engineers, including from the Austin Giga Factory and the Fremont Plant.

One engineer told the publication that there have been some whispers and some people are concerned,

but they said false rumors can spread fast at a company this big.

Tesla did not respond to requests for comment.

The speculation comes after Tesla informed its employees working on the

Cyber Truck production line at the Texas Gigafactory that their shifts will be shorter.

In addition, multiple customers reported that Tesla canceled some cyber truck delivery appointments due to an unexpected delay.

Tesla also recently cut the price of its full self-driving package by 50%.

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