Briefly: The worldwide smartphone market generated north of $448 billion in 2021, an make bigger of larger than 17 percent when put next to the $382 billion that used to be produced in 2020. Better but, revenue used to be up 20 percent quarter over quarter despite component shortages and virus restrictions that continue to disrupt the provide chain.
Apple led the diagram with $196 billion in revenue – an make bigger of 35 percent 365 days over 365 days – followed by Samsung with $72 billion, up 11 percent YoY. Oppo, Xiaomi and Vivo were in payment for $37 billion, $36 billion and $34 billion, respectively, as the extinguish five smartphone brands contributed bigger than 85 percent of total smartphone revenue closing 365 days.
The learn firm illustrious heightened ask of for mid-vary and flagship smartphones, which it attributed to the pandemic as patrons sought out greater devices for discovering out, working and staying entertained at home.
On the change extinguish of the spectrum, some most necessary OEMs delight in elevated the prices of their entry level items in step with the component shortage.
All things even handed, the moderate selling mark of smartphones elevated 12 percent closing 365 days, largely as a result of proliferation of 5G. Counterpoint said 40 percent of worldwide smartphone shipments in 2021 were 5G like minded, up from entirely 18 percent within the 365 days prior.
Innovation within the smartphone put has cooled in most modern years, giving formula to evolutionary updates fancy greater camera techniques, greater-decision shows and quicker processors. The next broad thing used to be broadly expected to be foldables, but these haven’t won traction as immediate as some had hoped.
Image credit Daniel Romero
