Analyst Update Counterpoint Research analysts have released their 2021 earnings report for smartphone manufacturers. In total, smartphone makers generated $448 billion in annual revenue, up 7% from 2020. Discuss
Average selling price of smartphones grew by 12% year on year to $322 due to growing demand for 5G devices. Analysts estimate that 40% of all phones shipped in 2021 were 5G capable, up 18% from 2020.
Apple is back in first place with $196 billion in total revenue and 44% market share in the smartphone market. The company has seen increased demand for the new iPhone 13 series. The average selling price for the iPhone in 2021 reached $821, which is an all-time high.
Samsung is second, Xiaomi is third.
Source: GSMArena