Mobiles

4G to 5G, Apple grows its commanding share of global smartphone revenue

The newest statistics from Counterpoint Research show that revenue from smartphone purchases fell 3% globally over the previous year. Even worse, shipments fell by 12%, but the bigger drop in shipments was mitigated by an increase in the average selling price (ASP) of 10%. 5G phones contributed to the price increase by constituting a record-breaking 46% of shipments during the quarter. And Counterpoint notes that the price of 5G-capable phones is five times more than that of non-5G smartphones.

Apple continued to lead the league tables in terms of revenue during the third quarter of 2022, accounting for 42% of all smartphone sales worldwide from July through September.

4G to 5G, Apple grows its commanding

 

In the third quarter, Samsung generated 18.3% of all smartphone sales worldwide, a slight decrease from the 18.5% it generated in 2021. Even though sales of its expensive Galaxy Z Fold and Galaxy Z Flip foldable nearly doubled, its average selling price only increased by 2%. In comparison to the third quarter of 2021, Samsung’s revenue for the quarter fell by 4%.

global smartphone revenue

Third-placed Xiaomi contributed 8.3% of the overall income made by the global smartphone market in Q3. Its share increased from 7.8% during the same quarter last year. The company’s global phone sales increased 4% year over year as a result of robust sales in the low-to-mid-range segments.

Oppo, including OnePlus (starting from Q3 2021), accounted for only 6% of global smartphone revenue during the third quarter of 2022, a decline from the 8.1% share of global smartphone revenue it was responsible for during Q3 of 2021. Oppo’s handset revenue declined a sharp 27% from July through September compared with the same three months last year. Its average selling price dropped by 5%. The issue with Oppo was the COVID rebound in China which was where 40% of Oppo’s total phone shipments wound up during the quarter.
Vivo had an even larger decline than Oppo as it accounted for only 5% of global smartphone revenue during Q3 compared with the 8.5% share of revenue it contributed during the same quarter in 2021.

Furqan Yasin

Furqan is an Web Developer, Entrepreneur Computer enthusiast, Gamer, YouTuber. He is a Tech writer specializing in the intersection of tech and culture. He is passionate about PC and its components, and is always looking for more. He hopes to change and revolutionize the process of online reviews.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button