Apple’s iPhone led the global smartphone market revenues in 2021 with annual revenue of $196 billion. The iPhone 13 lineup led global smartphone revenues to a new high of $448 billion in 2021, Counterpoint reports.
Smartphone revenues grew seven percent year-on-year and 12 percent quarter-on-quarter in the fourth quarter of 2021, even though there were production difficulties due to component shortages. iPhone revenue is believed to have increased 35 percent year-on-year to $196 billion in 2021, which is its highest ever quarterly revenue, capturing 44 percent of total global smartphone revenue that year.
The average selling price of smartphones rose by 12 percent year-on-year in the fourth quarter of 2021. This was aided by sales of the iPhone 13, along with the increased availability of 5G-enabled devices, which made up more than 40 percent of global smartphone shipments in 2021. 5G phones accounted for just 18 percent in 2020.
The average selling price of iPhones also increased by 14 percent due to demand for the iPhone 12 and iPhone 13 lineups, reaching $825. Apple also increased its market share in key emerging markets, including India, Thailand, Vietnam, and Brazil.
The top five smartphone brands accounted for more than 85 percent of the total 2021 smartphone revenue.