Apple’s iPhone 14 Pro powers 10% YoY revenue growth, 7% YoY ASP growth in Q3

The shift from 4G to 5G smartphones has been led by Apple’s iPhone, which alone makes up for over half of all 5G revenues, according to Counterpoint Research. Apple saw a 10% YoY revenue growth and 7% YoY ASP growth in Q3 2022, contributing to an overall increase in global handset ASP, thanks to strong demand for iPhone 14 Pro and the flagship iPhone 14 Pro Max, which Apple worked to better differentiate from the entry-level iPhones versus previous generations.
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