Apple ($AAPL@US) continues to gain market share even as the global chip shortage causes problems for smartphone producers. The firm gained around 3% market share in the global market in the 3rd quarter, even while its overall shipments dropped by around 6%. Unfortunately, smartphone makers keep their sales data as private as possible—never truly giving investors a peak into their performance. Tarun Pathak, an analyst at Counterpoint says, “We are expecting another massive quarter for Apple and our expectation is they’ll take a similar 20% shipment share in calendar year Q4.” As Apple markets the iPhone 13, it is leaning on longstanding agreements with suppliers and massively more purchasing power than other firms. Ben Stanton of Canalys noted, “shortgages are worst at the low-end, so Apple is less exposed than many of its competitors because it skews heavily toward premium.” To that end, Samsung Electronics and Xiaomi Corp ($XIACF@China) lost customers to the price cuts initiated by Apple. In early trading, Apple stock rose 2 and a half percent in early trading, surpassing $150 per share.