Global smartphone revenues hit an all-time high of $120 billion during the fourth quarter of 2017, according to the latest research from Strategy Analytics. Apple captured a record 51% share of global smartphone revenues, more than the rest of the entire industry combined.
Linda Sui, director at Strategy Analytics, said: "We estimate total global smartphone wholesale revenues grew 8% annually to reach an all-time high of $120 billion during Q4 2017. The smartphone industry's wholesale average selling price surged 18 percent annually from $255 in Q4 2016 to $300 in Q4 2017.
"The smartphone industry has managed to increase massively its pricing and revenues, despite a recent decrease in shipment volumes."
Neil Mawston, executive director at Strategy Analytics, added: "We estimate Apple iPhone captured a record 51% share of all smartphone wholesale revenues worldwide in Q4 2017. Apple iPhone generated a huge $61 billion in the quarter, helped by solid demand for its premium X model, and Apple now accounts for more revenue than the rest of the entire global smartphone industry combined. Apple generated three times more smartphone revenue than nearest rival Samsung and 7 times more than Huawei.
"Apple iPhone's average selling price is approaching US$800 and almost three times higher than the overall industry average. Apple iPhone is an incredible money-making machine."
Linda Sui added: "Samsung grew its global smartphone wholesale revenues by 16% annually to $19 billion in Q4 2017. Like Apple, Samsung's smartphone wholesale average selling price (ASP) grew strongly, rising 21% 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."
Woody Oh, director at Strategy Analytics, added: "Huawei generated $8 billion of global smartphone wholesale revenues to maintain its position as the world's third largest vendor by turnover in Q4 2017. Huawei's smartphone wholesale average selling price sits at $205 today and it has by far the lowest pricing among the top-three smartphone players.
"If Huawei wants to grow its worldwide pricing and revenues even higher in the future, the company will need to grab additional marketshare in the high-value United States market."