Analysts at the research company Counterpoint Research continue to sum up the results of 2021. This time they talked about how much smartphone manufacturers earned over the past year.
According to Counterpoint Research, for 12 months of 2021, smartphone sales in value terms amounted to a total of $448 billion. This is about 7% more than in 2020. The average cost of a smartphone during this time has grown by 12% and now stands at $322.
Analysts attribute the increase in the average price to an increase in demand for 5G devices. Analysts estimate that 40% of total smartphone shipments last year came from 5G models, up 18% from a year earlier.
Most of the profits from the sale of smartphones are taken by the American company Apple. It accounts for 44% of global profits from the sale of smartphones, or $196 billion. Analysts note increased demand for the new flagship iPhone 13 series, as well as continued interest in the previous iPhone 12 line. The average cost of an iPhone has risen to $821, which analysts call a new all-time high.
The second place in terms of revenue from the sale of smartphones was taken by the South Korean company Samsung. She earned $72 billion last year, up 11% from 2020 when her revenue was $64 billion. The average cost of Samsung smartphones rose by 5% last year to $263. Samsung’s flagship Galaxy S series and the mid-range models Galaxy M and Galaxy A made a big contribution to Samsung’s growth in the mobile market. The company also increased sales of foldable devices in a year, moreover, three times.
The Chinese company Xiaomi closes the top three. It was able to increase its smartphone revenue by 49% to $37 billion last year. OPPO earned $36 billion in the same period, and the average price of its smartphones rose 15% to $259. Vivo, a subsidiary of BBK, ranked fifth in terms of revenue, with $34 billion worth of smartphone sales in a year.
Source: Trash Box
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