The smartphone applications processor (AP) market grew 26 percent to $8.9 billion in Q2 2022, according to Strategy Analytics.

The smartphone apps processor market’s all-time high revenue in Q2 2022 was driven by a high-mix of premium tier APs. Qualcomm led the market with a 41 percent revenue share.

Qualcomm, MediaTek, Apple, Samsung LSI and Unisoc captured the top-five revenue share rankings in the smartphone applications processor (AP) market in Q2 2022.

Qualcomm maintained its lead in the smartphone AP market with a 40 percent revenue share, followed by MediaTek with 26 percent and Apple with 25.5 percent.

5G-attached AP shipments accounted for 55 percent of total smartphone APs shipped in Q2 2022.

TSMC manufactured over 80 percent of smartphone APs shipped in Q2 2022. Samsung Foundry’s key customer Qualcomm shifted orders to TSMC in recent quarters.

Google and JLQ Technologies (a Leadcore and Qualcomm JV) shipped over a million APs in Q2 2022.

Qualcomm’s smartphone apps processor (AP) revenue grew 41 percent in Q2 2022 despite a 23 percent shipment decline. Qualcomm’s momentum in premium-tier Android APs helped. The Samsung Galaxy S22 design win fueled Qualcomm’s AP ASPs to an all-time high. Despite traction in the premium tier, Qualcomm will likely face inventory correction headwinds in 2H 2022.

Samsung LSI’ Exynos smartphone AP shipments declined 46 percent year-on-year but showed signs of recovery with traction in mid-range.

MediaTek posted its all-time high quarterly AP revenue in Q2 2022, driven by a high mix of high-end and premium tier Dimensity 5G APs.

MediaTek will see a decline in its AP shipments and revenues in 2H2022 due to Android weakness in China.

Unisoc posted a 26 percent shipment growth in Q2 2022, thanks to continued traction in tier-one 4G smartphones.