The year 2021 of course is now a thing of past, and taking a glance back at it, 2021 actually saw the continued rise in mobile technology as more and more workers so themselves being given the option of working from home and educational institutions also saw students offering the choice to study from home. Even though 2021 was dominated by chip shortages as well as supply chain disruptions caused by lockdowns, it also was the year of growth for many industries in tech such as the laptop market, the tablet market and of course the smartphone market too.
And now, Counterpoint research has actually gone on to release its annual report for the total global smartphone revenue across the year and this comes as great news – the fact that the smartphone market is indeed still going strong on its ever increasing market cap value and in 2021, the global smartphone market revenue actually saw an all time high of $448 billion USD. As compared then to 2020’s $382 billion, this was of course a major increase and smartphone revenue ended up growing more than seven percent YoY and now smartphone manufacturers are in the process of generating more revenue than ever.
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This particular report also goes on to claim that more than 85% of the aforementioned revenue has been generated by the top five well known brands in Apple, Samsung, Xiaomi, Oppo and also Vivo.
Apple, all in all, led the global smartphone market revenues in 2021 with an annual revenue of $196 billion. It ended up capturing 44% of total global smartphone revenue last year. This of course was caused by the high demand of the 5G-enabled iPhone 12 and also the iPhone 13 series that came with a more fancier design and also better cameras as compared then to the previous generation.
