With a record 51 percent 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 percent annually to reach an all-time high of $120 billion (roughly Rs. 7.69 lakh crores) during the fourth quarter of 2017.
"The smartphone industry's wholesale average selling price surged 18 percent annually from $255 (roughly Rs. 16,300) in fourth quarter of 2016 to $300 (roughly Rs. 19,200) 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 percent annually to $19 billion (roughly Rs. 1.21 lakh crores) in fourth quarter of 2017.
Both Apple and Samsung's smartphone wholesale average selling price (ASP) grew strongly, rising 21 percent annually to $254 in the quarter.
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".