According to a new report from Strategy Analytics, the global smartphone applications processor (AP) market grew 22 percent year-on-year growth to reach $5.2 billion in Q2 2014.
Based on the estimates put forward by the researchers behind the report, Qualcomm, Apple, MediaTek, Spreadtrum and Samsung captured the top-five smartphone AP spots in the second quarter of this year.
Qualcomm topped the smartphone AP market with 58 percent revenue share, followed by Apple with 14 percent revenue share and MediaTek with 13 percent revenue share.
“Qualcomm continues to widen the lead and captured a record 58 percent revenue share in the smartphone AP market in Q2 2014, thanks to its strong momentum in LTE smartphones,” says Sravan Kundojjala, Senior Analyst with Strategy Analytics.
The research firm also estimates that stand-alone AP unit share fell to 21 percent in Q2 2014 compared to 28 percent in Q2 2013. The reason? “Increased shipments of low-to-mid range smartphones, which often feature baseband-integrated APs,” the report summary notes.