Pinwan, December 25th, according to the latest market monitoring research from Counterpoint, in the third quarter of 2022, the global smartphone market revenue will drop by 3% year-on-year, slightly more than 100 billion US dollars (about 700 billion yuan). Meanwhile, shipments in the overall handset market fell 12% year-over-year in the quarter. Average selling price increased by 10% year-on-year as the high-end handset market was more resilient to economic fluctuations. Shipments of 5G mobile phones accounted for a record 46% of total shipments, and the price of 5G mobile phones was about five times that of non-5G mobile phones, which also contributed to the growth of average selling prices and revenue.
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