Apple leads the premium segment with over half the market, followed by Samsung.
Huawei almost doubled its market share (10%) in the premium segment growing 97% YoY with strong performance by the P20 and Mate 20 series.
Growth of OnePlus drove the India premium market to a record high.
New Delhi, Hong Kong, Seoul, London, Beijing, San Diego, Buenos Aires –
Jan 28th, 2019
According to Counterpoint Research’s recent Market Pulse December 2018 report, the global premium smartphone segment* continues to grow faster than the overall smartphone market. The growth for the year was driven by Apple, Samsung and Chinese OEMs like Huawei, OPPO, vivo and One Plus. Brand diversity in the premium segment is increasing.
Exhibit 1: Comparing smartphone growth by price band (annual growth of 2018)
Source: Counterpoint Research Market Pulse
Tom Kang, Research Director at Counterpoint Research, comments "Within the premium segment, the $800+ ultra-premium segment has been growing the fastest. In 2017 it was merely 8% of the premium market (defined as $400+). Ever since the Apple iPhone X was introduced in late 2017, prices have jumped to a new level. Further more in 2018, the new flagships of Apple (XS, XS Max), Samsung (note 9) and Google (Pixel 3 XL) were all launched above the $800 price. OEMs were able to increase the average price points (ASPs), taking advantage of the headroom created by Apple."
Also, according to Counterpoint’s consumer lens, consumers are now willing to spend more on their device, but at the same time holding on for a longer period. Thus, the overall market growth is slowing, but the premium segment is expanding.
Exhibit 2: Share of $800+ segment rising within premium (≥400)
Source: Counterpoint Research Market Pulse
Varun Mishra, Research Analyst at Counterpoint Research, added "Going forward, the trend of premium smartphones is likely to continue. Introduction of 5G phones, foldable displays and popularity of the so called, affordable premium segment in emerging markets will further drive the growth."
*Pricing analysis is based on wholesale pricing not retail pricing. The Premium segment is above $400 in wholesale price.
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Analyst Contacts:
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Tarun Pathak
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Varun Mishra
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