Home + -
Markets + -
Companies + -
Opinion + -
Specials + -
Tech + -
PF + -
Portfolio

Shows

Coronavirus

Sports + -
WEF 2022

e-paper

Keep abreast of the latest in business. Get notified about stories and events as they happen.

US smartphone sales decline 6% in Q1, Apple leads with 47% market share

Apple revenues reached over $14 billion.

Apple led the US smartphone market with 47 per cent market share, followed by Samsung at 28 per cent and Motorola at 12 per cent, a new report showed on Tuesday.

Overall, US smartphone sales were down 6 per cent (on-year) in Q1 2021, according to Counterpoint Research.

"While Q1 2022 did see weaker sales compared to last year, this needs to be seen in context. It is not a sign of the market contracting because last year's Q1 was unusually high due to several factors driving demand," said Research Director Jeff Fieldhack.

Apple's iPhone 12 series sales pushed into Q1 2021 due to its staggered launch causing higher premium demand in a usually soft quarter.

Apple revenues reached over $14 billion. iPhone 13 sales made up close to 80 per cent of all iPhone sales in the quarter.

"Looking at Q1 2022, there were still solid performances from Apple and Samsung, with Motorola, Google, TCL and OnePlus seeing YoY increases in volumes due to LG's exit," Fieldhack added.

"Apple and Samsung continued to dominate the market with a combined 75 per cent share and had some of their best performances to date.

"However, some attention should also be brought to smaller OEMs that are beginning to capture more mindshare of consumers due to LG's exit," said Research Analyst Matthew Orf.

Motorola has been very aggressive, becoming the third largest OEM in 2021.

"In Q1 2022, its market share reached 12 per cent, the highest quarterly share to date. TCL also made big gains in market share to reach almost 3 per cent," said Orf.

COVID-19 lockdowns are once again resurfacing in parts of Asia, but they have not impacted supplies so far.

"There will also be massive network migrations occurring as 2G and 3G sunsets come to fruition this year," said Senior Research Analyst, Maurice Klaehne.

--IANS

na/


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel