Q3 2024 Smartphone Chipset Market Share: MediaTek Leads Shipments, Apple Tops Revenue

MediaTek led smartphone chipset shipments in Q3 2024, but Apple generated the most revenue. Huawei's HiSilicon showed impressive growth.

Canalys's Q3 2024 smartphone chipset market share report reveals a mixed bag for vendors. MediaTek dominated shipments, Apple led in revenue, and Huawei's HiSilicon achieved remarkable growth.

Q3 2024 Smartphone Chipset Market Share: MediaTek Leads Shipments, Apple Tops Revenue

MediaTek shipped an estimated 119 million chipsets, generating $26 billion in revenue. However, both figures are down from Q3 2023. Qualcomm shipped fewer units (76 million) but earned higher revenue ($38 billion), likely due to higher average selling prices.

Apple, while shipping only 54 million chipsets, achieved the highest revenue of any vendor, an 11% year-over-year increase. This is attributed to Apple's exclusive use of its chipsets in iPhones, allowing for higher profit margins.

Huawei's HiSilicon division demonstrated impressive growth, with shipments up 211% year-over-year. Although the actual shipment number was relatively small (8 million units, generating $7 billion in revenue), this growth highlights Huawei's resilience despite trade sanctions.

Q3 2024 Smartphone Chipset Market Share: MediaTek Leads Shipments, Apple Tops Revenue
Q3 2024 Smartphone Chipset Market Share: MediaTek Leads Shipments, Apple Tops Revenue

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