The global smartphone market could finally recover from the post-pandemic decline, with affordable Android smartphones gaining the most traction.
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Apple iPhone is leading the smartphone market by capturing 50% of the total revenue share, as per Counterpoint Research. The growth comes despite a decline in global smartphone shipments.
New data shows that the global smartphone market has consolidated significantly in recent years, with the number of active brands dropping sharply from over 700 in 2017 to around 250 today.
Apple and Samsung are in close competition in the race to grab the biggest market share. However, overall the global smartphone market has declined again, according to research firm Canalys.
Apple dominated the global smartphone market in 2022, collecting its highest ever operating profit of 85% and 48% of revenue from smartphone sales, according to Counterpoint Research.
5G smartphones will account for 35% of all smartphone sold in 2021 according to the analyst firm Gartner. In China, it's expected that 59.5% of smartphones will be equipped with 5G this year.
IDC has predicted that smartphones will grow year-over-year in 4Q20 after the market performed stronger than expected during 3Q20. The sales will be largely driven by consumer interest in 5G.
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A new research suggests that Samsung is set to retain the highest percentage share (21%) of the smartphone market, followed by Apple. It adds that Huawei is expected to see a sharp decline in 2021.
Analytics firm Canalys has released its quarterly report on the worldwide smartphone shipments in the third quarter of this year, showcasing an overall growth for the first time in two years.
Global smartphone shipments saw a decline of 4% in 2018, marking the first time that worldwide deliveries dropped for a full calendar year. Huawei and Xiaomi, meanwhile, won big in the past year.
Huawei's global smartphone shipment reached 54.2 million during the second quarter of 2018 while Apple managed to deliver only 41.3 million iPhones during the same period, according to IDC.
