Global smartphone quarter one revenues cross $110 billion led by Apple’s record first quarter

Apple led the global smartphone market in revenue terms in quarter one of 2022 with revenue of over US$50 billion, according to Counterpoint Research.

The top five smartphone brands contributed more than 80% of the total revenue. Global smartphone market revenue surpassed $110 billion in quarter one (Q1) of 2022, according to Counterpoint’s Market Monitorservice. It declined 2% year-over-year from the peak Q1 smartphone revenue of over $114 billion in 2021. In quarter-over-quarter terms, the revenue saw a cyclical decline of 17% from an all-time high of over $134 billion in Q4 2021.

Apple’s iPhone revenue grew 5% year-over-year in Q1 2022 to cross $50 billion, a first-quarter record thanks to the brand’s double-digit growth in China and Western Europe, despite a marginal annual shipment decline. Apple’s 5G shipments and revenues in China more than doubled from their Q1 2021 levels. 

A 20% year-over-year increase in Apple’s global 5G shipments driven by the iPhone 13 series raised its overall average selling price by 6% to $848. What’s more, the new iPhone SE, which now comes with 5G, also added to Apple’s 5G growth, adds Counterpoint.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.

1 Comment

  • Not surprisingly, Apple has always beat records, its own, and competitors. It incorporates the latest technology into its devices. I recently read about technology, you can discover this if you are interested. This way I learn a lot of new information and I don’t have to read whole books which take a lot of time. Some will disagree with me but to each his own.

Comments are closed.