Overview:
This report from Counterpoint’s Market Monitor service highlights the regional revenues and ASPs for 42 brands in the smartphone segment. These 42 brands together capture close to 95% of the total market by revenues.
Summary:
- Global smartphone market wholesale revenue declined 2% YoY and 17% QoQ to $111 billion in Q1 2022.
- Apple led the global smartphone market in revenue terms in Q1 2022 with revenue of over $50 billion.
- Among regions, China led the revenue share (26%) driven by strong 5G smartphone penetration.
- China’s share of the global smartphone market is down from 30% in Q1 2021 as North America and Europe have grown.
- Smartphone revenue share accounts for 99% of the overall handset market by revenue.
Publication Date: May 2022