Global smartphone chip market reach $8.9 bn, Qualcomm leads

New Delhi: Chip-maker Qualcomm has captured the smartphone applications processor (AP) market with a 45 per cent revenue share in the first quarter (Q1) this year, followed by MediaTek with 25 per cent and Apple with 22 per cent share, according to a new report.

The global smartphone AP market grew 35 per cent to reach $8.9 billion in Q1.

5G-attached AP shipments accounted for 53 per cent of total smartphone APs shipped in the January-March period, according to Strategy Analytics.