February 21, 2024

Omniverse Universe

Future Technology

Apple persevering with command of world smartphone income, and the lead is rising



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Persevering with a decade-long string of domination, Apple is once more on prime of the heap for smartphone income, with the iPhone gathering 80% of all of the revenue within the business.

Apple’s revenues grew 3% year-over-year regardless of having the second-highest place for smartphone shipments at 16%, delivery 46.5 million iPhones on this timeframe.

Apple’s income share was simply over 40%, a 24% lead over Samsung within the second-highest place within the income share of slightly below 20%, and roughly the identical within the first fiscal quarter of 2021.

In the meantime, Apple’s share of working income was roughly 80%, a large lead over Samsung’s 20% share. Apple’s share is a giant enhance from the primary fiscal quarter of 2021 at 75%.

General, world smartphone revenues dropped 2% 12 months over 12 months and 15% quarter-to-quarter to $95.8 billion within the second fiscal quarter of 2022. Nevertheless, world income grew 6% year-over-year to $13.1 billion in the identical timeframe.

Counterpoint Research global handset market share

Counterpoint Analysis world handset market share

In accordance with Counterpoint Analysis, elements concerned in a drop of world smartphone shipments embody lockdowns in China and ongoing geopolitical elements corresponding to rising inflation and COVID-19.

“A lot of the annual development might be attributed to a smaller base within the COVID-battered Q2 2021 slightly than to constant development in working income by means of the quarters,” Counterpoint Analysis notes. “In contrast with the earlier quarter, working income declined 29% after declining 26% QoQ in Q1 2021.”

The agency expects income and revenue share development within the second half of 2022, pushed primarily by Apple. The highest smartphone makers tracked are Apple, Samsung, Xiaomi, OPPO, and Vivo.