This global chip maker dominates premium Android smartphone chip market in Q1 2022

Global chip maker and telecommunications company Qualcomm has recorded record revenue in the first quarter of 2022. According to a research report, Qualcomm saw its third consecutive quarterly record revenue in Q1 2022 at $11.6 billion. The business units of Qualcomm recorded annual growth of between 28% and 61%.

In addition to Qualcomm, MediaTek also posted healthy growth in Q1 2022. MediaTek recorded an impressive set of numbers for the quarter with revenues growing 32% YoY and 10.2% QoQ to reach $4.8 billion.

According to Counterpoint’s Global Handset Model Sales Tracker, MediaTek led the Android smartphone SoC market in 2021 with a 44% share, followed by Qualcomm with 35%.

The research report indicates that focus on the premium smartphone segment (>$500) has helped Qualcomm to grow its revenues in the first quarter of the ongoing financial year.

The report further reveals that Snapdragon 800 series and Snapdragon 700 series, mainly the flagship Snapdragon 8 Gen 1 and Snapdragon 778G, are both key volume drivers of Qualcomm.

Furthermore, Qualcomm has gained a 75% share of Samsung’s Galaxy S22 series shipments. In previous Samsung flagship models, there was a more equitable split between Qualcomm Snapdragon-powered SKUs and Samsung Exynos-powered SKUs. Qualcomm is also driving more revenues with its RFFE (RF Front End), allowing it to capture a higher share in the BoM.

MediaTek dominates the low-mid tier wholesale price segment ($100-$299), driven by its Dimensity 700 and Dimensity 900 series. Also, the 4G SoC in the <$199 price band is driven by the P35, G80 and G35 chipset models. MediaTek has entered the premium segment with the Dimensity 9000 series, but the sales will only start to pick up in Q2 2022.

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