Apple Inc. (NASDAQ:AAPL) is better positioned than its smartphone rivals to withstand the AI-driven memory shortage after building U.S. inventory levels beyond last year’s tariff-related stockpiling, according to a new report.
Counterpoint Research said major smartphone makers accelerated inventory builds during the first half of 2026 as memory prices climbed and supply tightened because of surging artificial intelligence demand. The buildup now exceeds the inventory accumulation seen in 2025, when companies rushed shipments ahead of potential U.S. tariffs.
Apple Strengthens Supply Chain Position
Counterpoint analyst Tyler Graham said Apple has recovered from earlier supply constraints tied to iPhone 17 demand and now holds higher channel inventory than a year ago.
The additional inventory should allow the company to benefit from lower first-half memory pricing, preserve hardware margins, and avoid price increases while continuing to gain U.S. market share, the report said.
The firm noted that Apple’s earlier decision to increase shipments into the U.S. ahead of tariff uncertainty in 2025, along with shifting more production to India, has strengthened its supply-chain flexibility.
Samsung And Motorola Take Different Approaches
Samsung Electronics Co. Ltd. (OTC:SSNLF) is also increasing inventory, driven by shipments of its Galaxy S26 lineup and higher volumes of Galaxy A16 and Galaxy A17 smartphones. Counterpoint believes the company is front-loading production to lock in lower memory costs and reduce its exposure to declining availability of LPDDR4 memory.
Motorola, however, appears more exposed. Counterpoint said the company has accumulated record-high U.S. inventory but has already raised prices on some models because of higher memory costs. The analyst said Motorola’s heavy reliance on the prepaid smartphone segment makes it more vulnerable if component costs continue to rise.
Long-Term Outlook For The Smartphone Industry
Counterpoint argued that the AI-driven memory shortage could ultimately have a greater impact on the smartphone industry than the tariff disruptions of 2025. The firm said sustained supply constraints are forcing manufacturers to rethink procurement strategies, product roadmaps and inventory management, while memory producers are unlikely to fully meet demand before additional capacity comes online in 2027.
The report concluded that Apple is currently in the strongest position among major smartphone vendors to navigate the supply environment through 2026 and 2027 because of its stronger margins and inventory strategy, potentially allowing it to capture additional market share in the U.S. and globally.
Apple Stock Performance And Technical Analysis
Apple stock traded little changed in Wednesday’s premarket session as investors maintained a positive stance toward large-cap technology stocks ahead of the opening bell. Nasdaq futures rose 0.37%, while S&P 500 futures were little changed.
Apple remains in a long-term uptrend. The stock is trading 4.1% above its 50-day simple moving average (SMA) of $287.11 and 11.7% above its 200-day SMA of $267.53. The golden cross that formed in September 2025, when the 50-day SMA moved above the 200-day SMA, continues to support the longer-term bullish trend.
In the short term, however, momentum has slowed. Apple is trading 1.7% below its 20-day SMA of $303.76 and is nearly flat with its 20-day exponential moving average (EMA) of $298.93. That setup often signals a period of consolidation after a sustained rally.
The relative strength index (RSI) stands at 52.26, indicating neutral momentum. An RSI in the low 50s suggests buying and selling pressure remain balanced. As a result, traders are likely to focus on whether the stock can reclaim key resistance levels or break below support.
Apple is also approaching an important technical area. The stock remains below its June and 52-week high while holding above the higher low established in March. Traders are watching to see whether shares can remain above former breakdown levels from April.
Key resistance sits at $317.50, near the 52-week high of $317.40. A decisive move above that level could strengthen the bullish outlook.
Key support is around $265.00, just above the 200-day SMA and EMA at $267.53 and $266.30. That area could attract buyers if the stock pulls back.
AAPL Price Action: Apple shares were down 0.23% at $298.54 during premarket trading on Wednesday, according to Benzinga Pro data.
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