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Qualcomm’s Galaxy S22 recorded highest quarterly earnings, due to replacing Samsung’s Exynos
The American semiconductor company Qualcomm exceeded market anticipations in the first quarter and the mentioned growth in sales of mobile processors installed in Samsung’s Galaxy S22 series.
The reduction in the proportion of premium smartphones from Samsung equipped with the self-developed processor ‘Exynos‘ and a significant increase in adoption of Qualcomm processors contributed to the increase in sales and operating profit.
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According to the report, Qualcomm announced that it recorded the highest quarterly performance in Q1 history with sales of $11.164 billion and operating profit before tax of $3,423 billion. Compared to last year’s first quarter, sales raised by 41%, and operating profit increased by 61%, which significantly exceeded market expectations.
Talking about the sale of Samsung’s Galaxy S22 series, which is the leader in the Android premium smartphone market, contributed significantly to Qualcomm’s earnings growth.
The ratio of Qualcomm chips used in the Galaxy S21 series released last year was only 40%, but in 2022 it replaced Exynos processors from Samsung and the demand increased significantly.
According to the report, this increase in sales is just because Qualcomm’s latest processor ‘Snapdragon 8 First Generation’ is ahead of the new Exynos processor in terms of performance.
If this semiconductor demand is regular from the premium smartphone maker such as Samsung, Qualcomm plans to continue its growth by expanding into new semiconductor businesses.
On April 27th, Qualcomm’s shares in the US stock market closed 1.2% higher at $135.1 compared to the previous day. After the revenues report, over-the-counter trading saw an additional 6.33% increase.
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Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
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In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
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The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.