Apple Achieved Highest Smartphone Revenue in 2021

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Vika Azkiya Dihni 09/03/2022 19:10 WIB

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Apple remains the top smartphone company globally with the highest total revenue. In 2021, Apple's revenue reached US$196 billion.

Top 5 Highest-Earning Smartphone Vendors (2021)

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Top 5 Highest-Earning Smartphone Vendors (2021)

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Based on data from market research firm Counterpoint Research, Apple was the highest-earning smartphone company globally in 2021, with revenue totaling US$196 billion.

Apple's 2021 revenue increased by 35% year-on-year (YoY). According to Counterpoint, this increase was driven by high demand for the iPhone 12 and 13, both of which support 5G.

Furthermore, Apple successfully increased its market share in several key developing markets, including India, Thailand, Vietnam, and Brazil.

Below Apple, Samsung held the second highest revenue among smartphone vendors. The South Korean company had total revenue of US$72 billion in 2021, a 11% YoY increase.

Oppo and Xiaomi followed in the next positions, with total revenues of US$37 billion and US$36 billion respectively. The revenue of these two vendors grew by 47% and 49% YoY, respectively.

Vivo ranked fifth with revenue of US$34 billion, up 43% YoY. Meanwhile, the combined revenue of other smartphone vendors totaled US$73 billion, down 26% YoY.

Total global smartphone vendor revenue increased by 17%, from US$382 billion in 2020 to US$448 billion in 2021.

(See also: IDC: Global Smartphone Shipments Reach 1.35 Billion Units in 2021)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Apple Achieved Highest Smartphone Revenue in 2021

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