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Apple dominates: It will own half of the global smartphone market revenue in 2023

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2024-03-02 15:04:21595browse

News on February 4, market research organization Counterpoint Research recently released a report on the global smartphone market in 2023. The report shows that although global smartphone shipments dropped by 4% in 2023 to 1.17 billion units, market revenue is still close to US$410 billion, equivalent to approximately 2.9489 billion yuan. Remarkably, Apple alone accounts for half of the global smartphone market revenue through the sales of its iPhone.

Apple dominates: It will own half of the global smartphone market revenue in 2023

The report details that the average selling price of the global smartphone market will increase by 2% in 2023, reaching US$350 for the first time, which is equivalent to approximately 2,517 yuan in RMB. Against this background, the average selling price of Apple's iPhone also increased by 2% year-on-year, reaching a record high of US$890, which is equivalent to approximately 6,401 yuan in RMB. This brings Apple's annual revenue from the iPhone to a staggering US$203 billion, equivalent to approximately 1.46 trillion yuan, accounting for half of the global smartphone market revenue.

Apple dominates: It will own half of the global smartphone market revenue in 2023

According to the editor’s understanding, Apple will account for 20% of global mobile phone shipments in 2023, which means that Apple will only account for one-fifth of its shipments. It earns half of the world’s mobile phone revenue. This achievement undoubtedly demonstrates Apple's strong influence and high-end positioning in the global smartphone market. Meanwhile, Counterpoint Research also pointed out that Apple is further promoting the high-end trend of the smartphone market, and it is expected that in the near future, more mobile phone brands will join the competition in the high-end market. In 2023, the wholesale price of one in every four smartphones will exceed US$600, equivalent to approximately 4,315 yuan in RMB, which once again proves the potential and attractiveness of the high-end mobile phone market.

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