A new report has revealed that Apple has seen record shipments in the second quarter of this year. The news arrives as the global smartphone market saw a slight decline quarter on quarter.
According to a Coutnerpoint Research report, the market saw a 7 percent decline over last quarter but saw a 19 percent growth year on year over 2020. While the decline was due to the ongoing component shortages that vendors are facing at the moment, the YoY growth arrives as consumer demand grew since the Coronavirus outbreak last year. During this quarter, Xiaomi managed to become the second largest smartphone brand in the world, although, the Cupertino based giant fell to the third sport.
However, the brand still managed to register record second quarter shipments primarily due to the consistent demand and supply for its iPhone 12 series. Meanwhile, Samsung still held the top spot while Oppo and Vivo retainted their rankings in the top 5 smartphone vendor list. Research Analyst, Aman Chaudhary added that “Global smartphone wholesale shipment revenues eclipsed $96 billion, up 25 percent YoY but declined 16 percent sequentially. This comes at a time when the industry was facing supply constraints. Apple captured a record second-quarter revenue share of 41 percent driven by continuing demand for the iPhone 12 Series followed by Samsung, OPPO, Xiaomi and vivo.”
Notably, Apple’s shipments fell by 18 percent quarter on quarter but grew by a significant 30 percent year on year to reach 48.9 million units in Q2 2021. Unlike certain other brands, the iPhone maker was not as severely affected by the ongoing semiconductor shortages due to its strong industry relationships. The company’s revenue also grew by a sizeable 52 percent in the same period over last year.
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