MediaTek was the largest smartphone chip provider in Q3 2020 with 31% share: Counterpoint Research

According to a recent report from Counterpoint Research, Taiwanese chip maker MediaTek overtook Qualcomm to become the largest smartphone chip provider in Q3 2020 with 31% market share in Q3. According to the report, MediaTek recorded strong performance in the $ 100 to $ 250 (approximately Rs 7,000 to Rs 18,000) price range. Additionally, MediaTek’s market share growth came mainly from markets such as India and China which helped the Taiwanese firm beat Qualcomm in terms of market share.

Qualcomm, according to the Counterpoint Research note, is still the market leader in terms of chipsets supported by 5G. In addition, it said that more than 100 million smartphones powered by MediaTek processors were sold in the third quarter of 2020. This helped the company expand its market share to a total of 31%, compared to the market share of the 26% in the second quarter. MediaTek’s growth has moved US chip maker Qualcomm to second place, as the company recorded a 29% market share in Q3 2020, down from 31% share in the previous quarter.

However, Qualcomm was still the biggest player in terms of supplying 5G chips with a 39% share in the third quarter of this year, according to Counterpoint Research. This was driven by the launch of many 5G-enabled smartphones in the third quarter. According to Counterpoint Research, the demand for 5G-enabled smartphones doubled in the third quarter of 2020, with 17% of all smartphones sold in the quarter with 5G support. This trend is likely to grow as Counterpoint Research predicts that a third of all smartphones shipped in the fourth quarter should have 5G support.

Samsung, Apple and Huawei followed MediaTek and Qualcomm in terms of chipset supply, with each company managing 12% each share in the third quarter of 2020.