Smartphone market generated $448 billion, lion’s share of Apple

Apple, which does not release as many product lines as its competitors in the technology sector, however, manages to double its operating profit by keeping its profit margin incredibly high. In the smartphone market, it has earned as much revenue as its competitors combined with a single series.

iPhones dominate the smartphone market

Gradually securing the second place in the smartphone market and coveting the leadership of Samsung, Apple does not let anyone down in terms of income. It has managed to earn almost as much income as its competitors.

According to the analysis In 2021, the smartphone market generated $448 billion in revenue. Apple’s share alone is around 196 billion dollars. The closest to it is Samsung, with $72 billion. It seems that other brands can’t even come close to Samsung.

Apple, which broke the record with just one series, has an average selling price of $821, which is an incredible figure for the industry. Samsung has an average price tag of $ 263, and the main reason for this is that it sells lower-end phones more.

The smartphone market has increased its revenue significantly due to the increased interest in middle and mid-range phones in general. Of course, Apple’s contribution is undeniable. While 5G phone sales reached 40 percent in the market, the average smartphone price increased to $322.