Smartphone market Declines, but Premium Device Sales Rise

In 2018, the broader smartphone market was in a very slight  -2% decline, but the premium smartphone market grew by 18%.

Smartphone sales

Data from Counterpoint Research from December 2018 reveals that smartphones above $400 saw most gains. Apple had 51% of the premium smartphone market, which was followed by Samsung’s 22% and surprisingly Huawei’s 10%, likely due to the excellent P20 series  and Mate 20 series. The ultra-premium segment ($800+) was the fastest-growing with Apple capturing 80% of that marked.

Smartphone sales

The $400-$600 price-band, however was the largest in volume. Apple unsurprisingly sold the most phones in this segment, but OnePlus saw the biggest increase of sales, spearheaded by strong sales in India!

Apple and One Plus smartphones
Market leaders in their price segments. Apple iPhone XS Max (left) & OnePlus 6 (right)
image credits: gizchina

Counterpoint’s data points to recurring theme that consumers were willing to spend more on their phones last December, but are also expecting to keep them for longer. The Research firm expects the growth of the premium smartphone segment to continue thanks to the imminent arrival of 5G and foldable phones as well as the rise of the so-called affordable-premium segment.

Source

Further reading:

Leave a Reply

Related posts

Latest posts

Everything You Need to Know About Halo Infinite’s Free-to-Play Multiplayer – Progression, Customization, Cross-play and Battlepass Explained

After its stellar reveal during last night's Xbox-Bethesda showcase, more details about Halo Infinite's multiplayer have started to roll in. Developer 343 Industries have...

Xbox’s Biggest Next-Gen Exclusive Is Already Coming to PS5 This Year

The Xbox Series X/S consoles have had only one big next-gen exclusive game till now - The Medium, and it's already releasing on PS5 in a few months.

Every Game Revealed At Nintendo Direct E3 2021

Nintendo Direct is over, and so are anyone else's chances of winning this E3. Let's take a look at everything revealed by Nintendo at...

Next Article Loading