The Average Purchasing Power of Europeans in 2022 Is €16,344
The average per capita purchasing power in Europe in 2022 is €16,344. However, there are tremendous differences among the 42 countries.
Huawei surpassed Apple to grab second place in the global smartphone market for the first time in Q2 2018. That’s according to two separate reports from market research firms IDC and Strategy Analytics, which both put Huawei’s quarterly shipments at 54.2 million, significantly ahead of Apple’s 41.3 million.
Chinese vendors have challenged the dominance of Samsung and Apple for years now, but this is the first time that one of them has actually broken into one of the two top spots. While Apple may have lost its place to Huawei in terms of sheer volume, the iPhone maker is still miles ahead of the competition in terms of revenue. In the past quarter alone, Apple made almost $30 billion selling iPhones, which is little less than what Huawei’s entire consumer business made in all of 2017.
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