Processors hold a significant place in the smartphone industry. In this context, there are numerous manufacturers involved in producing processors for smartphones. However, research firm Counterpoint Research has unveiled the leader of the smartphone processor industry through the data it provides. The revealed leader’s name is quite remarkable according to the reports. Here are the details!
MediaTek has surpassed Qualcomm in the smartphone processor industry
According to Counterpoint Research, a research firm that determines industry leaders through its studies, the latest data regarding smartphone processors has been shared. Based on this data, MediaTek has emerged as the dominant player in the smartphone processor market in the first quarter of 2023. Despite experiencing a decline compared to the previous quarter, MediaTek managed to secure the top position with a 31% market share.
Additionally, there are some predictions for MediaTek’s performance in the second quarter of 2023. It is anticipated that the company will witness a decrease of over 5% in LTE processor shipments, while 5G processor shipments are expected to see growth of less than 5%.
Following MediaTek, Qualcomm holds the second position on the list. With a market share of 28% in the first quarter of 2023, Qualcomm follows MediaTek. Analysts have noted that Qualcomm’s shipments were affected by inventory reductions and they expect a return to normalcy in 2023. Consequently, experts anticipate that Qualcomm’s market share will remain stable in the second quarter of 2023.
Apple ranks third with a 26% market share, closely behind Qualcomm. Samsung experienced a slight increase in the first quarter due to the release of processors catering to both high-end and entry-level market segments. Huawei’s Hisilicon, on the other hand, has a market share of less than 1% on the list.
What are your thoughts on the smartphone processor list? Feel free to share your opinions in the comments section!
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