Apple had the largest revenue in the global market for processors for smartphone applications in the third quarter of 2020.
As reported by Strategy analysis::
The global smartphone application processors (AP) market grew 32 percent to $ 7.4 billion in the third quarter of 2020. This emerges from the service report from Strategy Analytics Handset Component Technologies (HCT).
According to Strategy Analytics’ research report “Market share tracker for smartphone apps processors Q3 2020: Revenue up 32 percent” by Strategy Analytics, Apple, Qualcomm, MediaTek, HiSilicon and Samsung LSI have achieved the top five revenue sharing spots in the global smartphone AP Market (Applications Processor) in the third quarter of 2020. Apple led the AP market for smartphones with a sales share of 31 percent, followed by Qualcomm with 21 percent and MediaTek with 19 percent.
Strategy Analytics reports that smartphone AP sales reached an all-time high in the third quarter of 2020, due to an increased mix of 5G APs. Smartphone APs with on-device intelligence also grew by 28 percent over the same period.
Sravan Kundojjala, Associate Director of Strategy Analytics, stated, “Apple has overtaken Qualcomm to become the # 1 in AP sales for smartphones in Q3 2020. However, Qualcomm is expected to regain its top spot in the fourth quarter of 2020 with increased shipments of 4G and 5G AP. “
As mentioned earlier, Qualcomm is expected to take the lead from Apple when the fourth quarter numbers are released. It follows Apple’s own record earnings from the first quarter of 2020, which saw record sales of $ 111.4 billion. From the report:
Apple just announced its financial results for the first quarter of 2021 for the period October 1 through December 26, 2020. The company had quarterly sales of $ 111.4 billion.
The quarter looked net iPhone Sales reached 65.6 billion US dollars, significantly higher than the previous year. Mac, iPad, wearables and services also exceeded the previous year’s results.
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