Global mobile phone sales fall to $100 billion in Q3

According to market research firm Counterpoint, global mobile phone revenues are in the third

quarter of this year decreased by 3% and amounted tojust over $100 billion. At the same time, the supply of smartphones to the market decreased by 12%. It is noted that the average selling price increased by 10% year-on-year. The market for high-end models proved to be more stable and contracted less significantly compared to the market for mass models. Shipments of 5G-enabled models reached a record 46% of total sales, despite 5G-enabled models costing five times more on average than 4G-only models. The top three smartphone market leaders by revenue include Apple, Samsung and Xiaomi. Apple increased its third-quarter revenue by 10%, while Samsung's revenue fell by 4% and Xiaomi's revenue grew by 4%.