According to the most recent analysis, the worldwide smartphone handset market’s sales fell 3% year on year in Q3 2022 to slightly over $100 billion.
Apple’s YoY sales rise of 10% averted a sharper revenue decrease. As a result, according to Counterpoint Research, the 5G revenue share has hit an all-time high of 80%.
The record shipping contribution (46%) of 5G devices, which cost five times as much as the typical non-5G smartphone, boosted average selling price (ASP) and revenue growth.
In terms of shipments, the entire handset market fell 12% year on year during the quarter.
“At over $80 billion, the revenue contribution of 5G handsets reached an all-time high of 80% of global handset revenues, up from 69% in the third quarter of last year,” said senior analyst Harmeet Singh Walia.
LTE smartphone revenue contribution declined 10% to $19 billion during the same time.
This transition from 4G to 5G has been spearheaded by Apple, which alone accounts for more than half of all 5G revenues because over 95% of its phones are 5G-enabled,” said Walia.
Samsung, the second-largest handset OEM in terms of sales, witnessed a very small ASP rise of 2% YoY in Q3 2022, despite nearly tripling shipments of its premium Flip and Fold series in the same time and a 27% YoY revenue growth of its 5G devices.
With China being OPPO and Vivo’s single largest market, the continuing Covid-19 and economic troubles in the nation caused in a considerable revenue reduction year on year.
Xiaomi’s handset revenue increased by 4% year on year, with the low-to-mid price bands accounting for a sizable chunk of the increase.
Source – IANS