Apple's iPhone reached a significant new milestone by capturing a record share of global smartphone shipments during the third quarter, according to a recent industry report.

The achievement highlights Apple's strong positioning during a particularly difficult period for the mobile hardware industry. The broader global smartphone market experienced a severe contraction, plunging by roughly 20% in Q3 amid weakening consumer demand and widespread market headwinds.

While competitor shipments dropped sharply across the sector, steady demand for the iPhone allowed Apple to outpace the wider downturn and command a larger piece of the overall market pie.

For more in-depth data and complete figures, check the original coverage on 9to5Mac.