Global Smartphone Market Revenues Reached New Heights In 2021
Counterpoint says the global smartphone market grew by 7% in 2021 compared to the previous year, despite challenges on multiple fronts – COVID-19 and the global chip crisis that affected numerous industries. Meanwhile, the Average Selling Price or ASP of smartphones was up 12% YoY in 2021 to reach $322. This is due to the rise of 5G phones, with brands like OPPO, vivo, realme, and Xiaomi launching several devices targeting markets like Southeast Asia, India, Latin America, and Eastern Europe....