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Nearly half of smartphone revenue goes to Apple despite 23% shipment share
['Amber Neely', 'Wesley Hilliard', "Andrew O'Hara", 'Marko Zivkovic', 'Malcolm Owen', 'Andrew Orr']
AppleInsider News
Its share of global smartphone revenue reached a second-quarter record of 49%, up from 44% a year earlier.
Apple gains as smartphone shipments fallGlobal smartphone shipments declined during the quarter, but total revenue increased 7% year over year to a second-quarter record of $109 billion.
The industry's average selling price rose 17% to $400 as price increases and a greater share of premium devices lifted the amount earned from each sale.
OPPO and vivo posted revenue declines of 10% and 11%, respectively, despite higher average selling prices.
Xiaomi, OPPO and vivo shifted toward more expensive devices, but the higher average selling prices did not offset their shipment declines.