Research conducted by Strategy Analytics shows that the global smartphone market in the first quarter of this year grew by more than a third in monetary terms, which is explained by the combined influence of several factors.

In particular, the volume of the global industry exceeded the landmark mark of $ 100 billion. This is 37% more than in the first quarter of last year.

Almost half of all revenue – 46% – at the end of the last quarter was received by Apple. South Korean giant Samsung is in second place with a large lag – 19%.

Chinese suppliers follow. So, “bronze” was won by Vivo, which showed a result of 8%. Then there are Oppo and Xiaomi, each of which received about 7% of the total revenue in the global smartphone market.

The share of the Chinese telecommunications giant Huawei, which fell under tough US sanctions, has sharply declined: the quarterly result is only 3%.

All other smart cell phone providers collectively control 10% of the global market in monetary terms.

Analysts note that revenue is growing amid the rapid development of the 5G segment and the rise in prices for electronic components in the context of the current shortage. In addition, the industry is recovering from the impact of the coronavirus.