Global Smartphone Revenue Hits Record 450 Billion In 2021
Global Smartphone Revenue Hits Record $450 Billion in 2021 Due to a higher share of 5G smartphones, the average selling price (ASP) grew 12% YoY to reach $322. Besides, more 5G-enabled models were released in 2021 as OEMs such as Xiaomi, Vivo, OPPO and realme focused on fulfilling a greater demand for affordable 5G smartphones in emerging markets such as India, Southeast Asia, LATAM and Eastern Europe. As a result, 5G-enabled smartphones contributed more than 40% of the global smartphone shipments in 2021, compared to 18% in 2020....