San Francisco Feb 16 (IANS) With a record 51 per cent revenue share Apple took more than half of the global smartphone revenues in the fourth quarter of 2017 a report has said.
According to market research firm Strategy Analytics total global smartphone wholesale revenues grew eight per cent annually to reach an all-time high of $120 billion during the fourth quarter of 2017.
"The smartphone industry s wholesale average selling price surged 18 per cent annually from $255 in fourth quarter of 2016 to $300 in fourth quarter of 2017 " Linda Sui Director at Strategy Analytics said in a statement late on Thursday.
Sui added that South Korean tech giant Samsung grew its global smartphone wholesale revenues by 16 per cent annually to $19 billion in fourth quarter of 2017.
Both Apple and Samsung s smartphone wholesale average selling price (ASP) grew strongly rising 21 per cent annually to $254 in the quarter.
"The popularity of premium Note 8 and Galaxy S8 models as well as fewer low-end sales in its core Asia markets such as China drove the growth " Sui added.
The company is reportedly gearing up to introduce three new iPhones this year and one of them will be more popular than the others a top analyst with Taiwanese business group KGI Securities said.
According to Ming-Chi Kuo the most famous analyst with KGI Securities when it comes to Apple the tech giant will aim to sell 100 million units of "a 6.1-inch iPhone it s planning to release this year".
--IANS
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