Global smartphone manufacturers shipped a combined 1.39 billion handsets in 2021, the latest Counterpoint Research data has revealed. This represents a 4 percent year-on-year increase, the first increase since 2017.
According to the data, smartphone manufacturers shipped about 1.56 billion mobile devices globally in 2017, after which the number of shipments subsequently declined in the years that followed.
Counterpoint Research also noted that the growth occurred despite the pandemic and worldwide chip shortage. A senior analyst at the firm, Harmeet Singh Walia attributed last year’s shipments growth to pent-up demand in North America, Latin America and India.
It should be recalled that major mobile device and accessory manufacturers shut down production in 2020 at the peak of the pandemic. This affected both sales and supply of smartphones globally.
In the United States, the rise in shipments was largely driven by “demand for Apple’s first 5G-enabled iPhone 12 series seeping through to the first quarter of 2021″, from the previous year, Walia said. Demand during Black Friday sales and holiday promotions in the last quarter of the year also contributed to the surge in sales.
Holding the position as the world’s largest smartphone maker by shipments was South Korean company, Samsung, which shipped about 271 million devices in 2021. This accounts for a 6 percent year-on-year growth as demand for its mid-tier phones increased.
In second place is the iPhone manufacturer, Apple which saw its global smartphone shipments grow by 18 percent year on year to 237.9 million units due to the strong performance of the iPhone 12 series, Investors King has learnt.
Apart from the Black Friday sales in the US, Apple reported a record-high market share in China last quarter, where its shipment volume grew in key markets worldwide.
The research firm in its report stated that Apple, in China “became the top smartphone brand in Q4 after six years thanks to the iPhone 13, consequently overtaking Samsung as the top smartphone globally in Q4 2021.”
With 31 percent year-on-year growth, Chinese smartphone manufacturer, Xiaomi comes behind Apple and Samsung, shipping about 190 million devices. Although its shipment volume was significantly behind the top two, Xiaomi has currently grown to become the world’s third-largest smartphone manufacturer. Investors King understands that Xiaomi is now India’s top smartphone brand after toppling Samsung in 2018.
Although topping the chart, Samsung recently disclosed that it expects demand for smartphones and tablets to decline in the third quarter (Q3) of2022, down from the final quarter of 2021 due to weak seasonality and uncertainties over component supply.
According to Counterpoint, some of Samsung’s growth was limited by growing competition in markets like India and Latin America. The company has said that it plans to tackle the sales decline by expanding sales of its flagship Galaxy S series devices and roll out competitive, mass-market 5G handsets.
Two other Chinese smartphone makers, Oppo and Vivo were ranked fourth and fifth, shipping 143.2 million and 131.3 million devices, respectively. Both companies, according to Counterpoint, registered double-digit growths last year in 2021.
Counterpoint Analyst, Singh Walia noted that the smartphone market recovery witnessed in last year, “could have been even better if not for the component shortages that impacted much of the second half of 2021. The major brands navigated the component shortages comparatively better and hence managed to grow by gaining share from long-tail brands,” he added.
The research firm expressed optimism that the smartphone industry’s growth in 2022 could be sustained if only the pandemic is controlled globally and if supply chain shortages of semiconductors and other components hindering shipments are resolved by the middle of the year.
MTN to Bid For Second 5G Spectrum; Other Telcos Protest
MTN to bid for a second 5g spectrum on December 16, 2022
Nigerian mobile telecommunications company, MTN has showcased a potential interest to bid for a second 5G spectrum in the forthcoming auction which is scheduled for December 19, 2022.
The potential bidding however has been opposed by other telecommunication companies which claimed the move is against the spirit of competition.
Investors King could recall that MTN and Mafab Communications won the first 3.5GHz spectrum license for a 5G network which was auctioned in December 2021 by the Nigerian Communication Commission (NCC).
The highly competitive auction which took place at the Transcorp Hilton Hotel in Abuja also witnessed the participation of Airtel.
Subsequently, in September 2022, MTN finally launched the 5G network to boost internet speed in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.
However, to access the 5G network, users will need to have compatible devices which is a bit expensive for average Nigerians.
To this end, MTN thereafter partnered with a phone financing company, Intelligra to bridge the cost of 5G-enabled smartphones.
According to MTN Chief Marketing Officer, Adia Sowho, the partnership with Intelligra is aimed to drive 5G adoption in Nigeria.
Meanwhile, barely two months after MTN launched its 5G network, the leading telecommunication company in Nigeria has showcased a potential bid for the second spectrum which is scheduled to hold on Friday.
At a stakeholders engagement meeting organised in Lagos, MTN’s General Manager, Regulatory Affairs, Ikenna Ikeme, said the company had entered the last auction in 2021 with the expectation that it was an open market and it would be allowed to participate in other auctions should the need arise.
This, however, did not go down well with other telecommunication companies which claimed that should MTN be allowed to participate in the second auction and eventually win, it will make them dormant players which could affect the overall growth of the industry.
The Executive Vice Chairman of NCC, Umar Garba Danbatta who presided over the engagement session noted that all contending issues will be given due consideration before the auction on Friday.
Access Bank, Zenith Bank, Others Activity Level Jump Despite Stock Market Negative Close
Investors transacted 187,094,282 shares worth N2.535 billion in 3,326 transactions with Access Bank accounting for 87,923,339 shares valued at N704,474,274.95
Despite the Nigerian Exchange Limited (NGX) opening in the red on Monday, activity on Access Bank continued to increase while Zenith Bank and others followed closely.
Investors transacted 187,094,282 shares worth N2.535 billion in 3,326 transactions with Access Bank accounting for 87,923,339 shares valued at N704,474,274.95. This may not be unconnected to Herbert Wigwe’s recent acquisition. The Chairman, Access Holdings Plc has dumped almost a billion on Access Bank stocks in the last one month.
The banking index appreciated by 26 basis points (bps) on 3.48% and 1.42% gain in the value of Union Bank of Nigeria and Sterling Bank.
The consumer goods index and industrial index were unchanged on Monday. The oil and gas shed 38 basis points on 2.56% decline in Oando.
The market vaue of all listed equities stood at N23.867 trillion, a decline of N82 billion from N23.949 trillion it closed on Friday. The NGX All-share index shed 0.34% from 43,968.75 index points it settled last week to 43,818.12 index points.
The Exchange Yea-to-date return declined to 2.58% as only 13 stocks closed in the green against another 13 that lost points. See other details below.
Top Five Gainers
|FTNCOCOA||N 0.31||N 0.34||0.03||9.68 %|
|CHIPLC||N 0.58||N 0.62||0.04||6.90 %|
|MANSARD||N 1.53||N 1.62||0.09||5.88 %|
|CHAMS||N 0.24||N 0.25||0.01||4.17 %|
|UBN||N 5.75||N 5.95||0.20||3.48 %|
Top Five Losers
|JOHNHOLT||N 0.81||N 0.73||-0.08||-9.88 %|
|SCOA||N 1.75||N 1.58||-0.17||-9.71 %|
|PRESTIGE||N 0.39||N 0.36||-0.03||-7.69 %|
|UNITYBNK||N 0.57||N 0.54||-0.03||-5.26 %|
|AFRIPRUD||N 5.35||N 5.10||-0.25||-4.67 %|
Top Five Trades
About 9.7 Million Phone Numbers Barred From Making Calls
Around 9.7 million phone numbers were barred by the two largest telecommunications companies in Africa.
Two leading mobile telecommunications networks in Nigeria, MTN and Airtel have barred about 9.7 million phone numbers from making calls due to issues related to National Identification Numbers. Earnings reports filed to the Securities and Exchange Commission (SEC) show.
Investors King gathered that in April 2022, more than 72 million phone numbers were barred from making calls. The directive to barn phone numbers that were not linked to their National Identification Number came from the Federal Government through the Nigeria Commission Commission (NCC).
A joint statement released by the spokespersons of NCC, Ikechukwu Adinde, and National Identity Management Commission (NIMC), Kayode Adegoke partly read:
“Outgoing calls will subsequently be barred for telephone lines that have not complied with the NIN-SIM linkage Policy from the 4th of April, 2022. Subscribers of such lines are hereby advised to link their SIMs to their NINs before the Telcos can lift the restriction on their lines,”.
The statement added that the president has approved the implementation of the policy after the deadline has been extended on several occasions.
The federal government had earlier stated that the policy will help the government to fight insecurity, particularly bandits and terrorists.
Meanwhile, both MTN and Airtel have revealed that the policy has eaten deep into their profit as almost 10 million phone subscribers could not make outgoing calls.
A look at the two telecoms eating reports shows that while 16. 2 million subscribers who had their lines barred have submitted their NINs for verification only 6.5 million had been verified as of September 30, 2022
Leaving about 9.7 million phone subscribers in the cold despite submitting their NIN for linkage. A responsibility that is expected of the National Identity Management Commission.
Revenue growth for the first half of the year was impacted by the effect of barring outgoing voice calls in Nigeria for those customers who had not submitted their NINs, Airtel noted in its report.
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