Qualcomm leads the $8.9 billion global smartphone chip market

Chip-maker Qualcomm has captured the smartphone application processor (AP) market with a 45 percent revenue share in the first quarter (Q1) of this year, followed by MediaTek with 25 percent and Apple with a 22 percent share, according to a new report.
The global smartphone AP market grew 35 percent to reach $8.9 billion in Q1.