Revenue Reaches All-Time-High
BOSTON–(BUSINESS WIRE)–The Smartphone AP market posted an all-time-high revenue in Q3 2020, driven by increased mix of 5G APs.
The global smartphone applications processor (AP) market grew 32 percent in revenue terms to $7.4 billion in Q3 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.
According to this Strategy Analytics’ research report “Smartphone Apps Processor Market Share Tracker Q3 2020: Revenue Surges 32 Percent” from Strategy Analytics, Apple, Qualcomm, MediaTek, HiSilicon, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in Q3 2020. Apple led the smartphone AP market with a 31 percent revenue share, followed by Qualcomm with 21 percent and MediaTek with 19 percent.
- Smartphone AP market posted all-time-high revenue in Q3 2020, driven by increased mix of 5G APs.
- Smartphone APs with on-device artificial intelligence (AI) grew 28 percent in Q3 2020.
Sravan Kundojjala, Associate Director at Strategy Analytics, commented, “Apple overtook Qualcomm to capture the top smartphone AP revenue share spot in Q3 2020. Qualcomm also faced heat from MediaTek in terms of units as Qualcomm’s AP shipments reached the lowest in the last eight years. Qualcomm, however, is expected to reclaim its top spot in Q4 2020 with increased 4G and 5G AP shipments.”
Stephen Entwistle, Vice President of the Strategy Analytics Strategic Technologies Practice, added, “HiSilicon and Samsung LSI both saw their smartphone AP shipments decline in Q3 2020. Trade restrictions have affected HiSilicon’s AP shipments and we expect its shipments to decline further in 2021. Unisoc, on the other hand, saw signs of recovery in its smartphone AP shipments with its new Tiger-branded 4G APs.”
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
Source: Strategy Analytics, Inc.
For more information about Strategy Analytics
Service Name: Handset Component Technologies