With a record 51 percent revenue share, Apple took more than half of the global smartphone revenues in the fourth quarter of 2017, a report has said. According to market research firm Strategy Analytics, total global smartphone wholesale revenues grew eight per cent annually to reach an all-time high of $120 billion during the fourth quarter of 2017. Also Read - Samsung Galaxy F12 budget phone gets discounted, now available under Rs 10,000
“The smartphone industry’s wholesale average selling price surged 18 percent annually from $255 in fourth quarter of 2016 to $300 in fourth quarter of 2017,” Linda Sui, Director at Strategy Analytics, said in a statement late on Thursday. Sui added that South Korean tech giant Samsung grew its global smartphone wholesale revenues by 16 percent annually to $19 billion in fourth quarter of 2017. Also Read - Apple adds UPI, RuPay, net banking on App Store: How to add new payment methods
Both Apple and Samsung‘s smartphone wholesale average selling price (ASP) grew strongly, rising 21 per cent annually to $254 in the quarter. “The popularity of premium Note 8 and Galaxy S8 models, as well as fewer low-end sales in its core Asia markets such as China, drove the growth,” Sui added. Also Read - Samsung Galaxy A22 in pictures: A fancy 5G phone
The company is reportedly gearing up to introduce three new iPhones this year and one of them will be more popular than the others, a top analyst with Taiwanese business group KGI Securities said. According to Ming-Chi Kuo, the most famous analyst with KGI Securities when it comes to Apple, the tech giant will aim to sell 100 million units of “a 6.1-inch iPhone it’s planning to release this year”.