Average selling price of an iPhone was $825 last year, up 14%

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Average selling price of an iPhone was $825 last year, up 14%
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Apple led the smartphone industry in revenue for 2021 as the average selling price of an iPhone rose 14%.

Despite supply chain shortages, the pandemic, and other issues that could have held back the smartphone industry in 2021, the global smartphone business generated $448 billion in revenue last year for a hike of 7% on an annual basis. The previous year, the top line collected by the industry amounted to $382 billion. Fourth-quarter 2021 revenue was up 20% from the third quarter's top line.

and reveals that Apple collected the most revenue in the global smartphone sector last year with a total of $196 billion. For the company, that was a 35% year-over-year gain. Thanks to strong demand for 5G models, the Average Selling Price of the iPhone rose 14% last year to $825 as the device gained market share in India, Thailand, Vietnam, and Brazil.Samsung was a distant second with $72 billion in smartphone revenue which was an 11% increase from the previous year's top line.

With a little more than half the smartphone revenue attributed to Samsung last year, Oppo finished third ringing up $37 billion in smartphone sales, a 47% annual increase. Xiaomi and Vivo were fourth and fifth tallying $36 billion and $34 billion in smartphone revenue respectively. On a percentage basis, their gains amounted to 49% forXiaomi saw strength in its mid to high-end models including the Mi 11x series.

Oppo's ASP rose 15% last year, and shipments rose in the $400-$599 and $600-$799 price segments thanks to the Reno 6 series, the Find X3, and OnePlus 9 series. 5G phones made up over 50% of its smartphones delivered last year compared with 28% the previous year. OnePlus revenue was up 33% in 2021 thanks to the OnePlus Nord line and the OnePlus 9.

Vivo's ASP rose 19% last year and its smartphone shipments were helped by demand for the flagship X60 and S series. The company also performed well in China. Vivo also had a balanced portfolio that covered all price ranges from low-end to flagship., Samsung, Oppo, Xiaomi, and Vivo were responsible for 85% of the global smartphone revenue collected in 2021.

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