iPhone 14 compensates for the global decline in smartphones. Apple’s revenue growth with its iPhone 14 lineup has meant that while overall global smartphone shipments are down 12% year-on-year in Q3 2022, new research says, global revenue is down only 3% in the same period.
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Apple continues to capture the majority of revenues from the global smartphone market, with Counterpoint Research now stating that Apple “alone accounts for more than half of all 5G revenues.” The research firm says global smartphone shipments were down 12% in Q3 2022 compared to the same period in 2021. Nonetheless, “a stronger decline in revenue was prevented by 10% year-on-year revenue growth.” Apple Annual”.
Although offsets due to the success of the iPhone 14s, smartphone revenues still declined year-over-year, but only by 3%. And at the same time, 5G’s revenue share “has reached an all-time high.” Among other news to emerge from the study is that at more than $80 billion, the revenue contribution from 5G phones has reached an all-time high of 80% of global revenue.
Furthermore, it turns out that during the same period the contribution to revenue from LTE terminals fell by 10% to $19 billion, meaning that 5G devices are now dominating the scene. The transition from 4G to 5G was, moreover, dominated by Apple’s smartphones, considering that alone it collects more than half of all revenues from the sale of 5G terminals in the world.
During the same period, Samsung remained Apple’s main rival and managed to obtain an average sales price increase of 2% “despite almost doubling shipments of its premium Flip and Fold series”. Of note, Samsung’s smartphone revenue fell 4% year-over-year in the third quarter of 2022.