New Delhi: Revenue from smartphones in India<\/a> for Samsung<\/a> and Apple<\/a> grew 14% and 27%, respectively, on year in calendar 2022 to a combined $14 billion plus, mainly driven by their premium segment portfolio.

The growth by the two global giants offset declines by Chinese handset brands such as Xiaomi and Vivo<\/a> in an industry which ended last year with flat revenue growth at $38 billion, despite shipments falling 9%, market trackers said.

Market leader Samsung<\/a> earned over $8 billion in smartphone revenue last year, giving it a 22% market share – up 3 percentage points on year – as it benefitted from a portfolio that covered all price points, but with the premium segment being the main driver, according to data provided by Counterpoint Research<\/a>.

Brick and mortar stores drove the majority of revenue for the company, which has recently regained the top slot even by volumes.

Cupertino-based Apple<\/a>’s top line from iPhone sales stood at over $6 billion last year, capturing 18% revenue share – a 4 percentage point jump over 2021, as per Counterpoint<\/a>.