Counterpoint Expertise Market Analysis has launched contemporary statistics on the worldwide premium smartphone market. We’re speaking about gadgets that price from $ 400.

In keeping with estimates, within the second quarter of this 12 months, the required value section recorded a rise of 46% on an annualized foundation. On the identical time, the entire quantity of the worldwide smartphone market elevated by 26% over the identical interval.

A big a part of the premium market development in Q2 2021 was pushed by Apple, which reported a gross sales development of 74% YoY within the premium section on the robust momentum of the iPhone 12 collection because of the iPhone customers persevering with to improve to 5G. Apple’s provide chain was additionally very resilient in managing element shortages and gained from the decline of Huawei in areas like China and Europe. Apple was the most important OEM within the premium section throughout all areas.

The contribution of premium smartphones to the general gross sales of mobile gadgets is rising. So, if within the second quarter of final 12 months it was roughly 21%, now it’s 24%.

Apple stays the undisputed chief of the section. Furthermore, if a 12 months in the past this firm managed 48% of this sector, then within the second quarter of this 12 months – 57%. This vital development is because of the excessive reputation of smartphones of the iPhone 12 household.

Throughout the premium section, whereas all the value bands noticed development, the best development (182% YoY) was seen within the ultra-premium band (>$800). This was primarily because of the robust momentum of the iPhone 12 Professional Max and iPhone 12 Professional. The Professional variations have been obtainable later than the same old September date, inflicting demand to spill over to the following months. Apple captured near 75% of the ultra-premium section, in comparison with 54% a 12 months in the past. This shift additionally signifies that extra customers now want high-end gadgets; after realizing the significance of smartphones to them through the COVID-19 lockdowns. A bit of customers additionally had further financial savings whereas working from residence, which they invested in gadgets like smartphones.

Samsung is in second place within the rating. The share of the South Korean big fell from 22% to 17% over the 12 months. China’s Huawei closes the highest three: below the yoke of US sanctions, the corporate misplaced floor from 17% to six%.

As well as, the highest 5 embody Xiaomi and OPPO. Each of those corporations strengthened their place: the primary – from 4% to six%, the second – from 2% to five%.

5G can be turning into an ordinary providing throughout the premium section. The general penetration of 5G throughout the premium section reached 84% in Q2 2021, in comparison with 35% in Q2 2020. Within the $600 and above value band, 95% of gadgets have been 5G succesful. The launch of the iPhone 12 collection in This autumn 2020 gave a lift to the gross sales of 5G succesful gadgets within the section.