Apple Garners 104% in Smartphone Profits – Other Android Phone Giants Struggling With Losses

The Apple onslaught continues as the company has deemed for over 100 percent of smartphone profits in the 3rd quarter of this yr. Despite coming in second place for the total number of smartphones sold globally, the visitor has shown that its iPhone lineup is the bread and butter to the company's fiscal growth.

Smartphone Profits Exceeds 103.6 Percent, With Success for Apple tree Coming as a Effect of Significant Losses From Its Android Smartphone Rivals

Analyst Tim Long stated that one of the reasons why Apple was able to accrue a staggering 103.half-dozen per centum profit share in Q3 2022 was considering of the heavy losses posted by rival vendors including LG and HTC. This would also include the Milky way Notation 7 retrieve, and how Samsung lost a significant piece of its marketplace value as a effect of the Note 7 saga. According to the latest report, near ix out of 10 smartphones are running Android, and while that means a dominant market share for the operating organization, in that location'due south a small amount of profit being shared amidst companies.

Despite amassing 104 percent in profits, Apple however came in second place for the total number of smartphone units sold. Samsung accounted for 21.7 pct of all smartphones sold, compared to Apple'south xiii.two percent share. Unfortunately, Samsung's 2.17 percent market share only allowed it garner 0.9 pct in profits.

The same report also states that Apple tree managed 90 percent profit share in the aforementioned quarter a year ago, but to remind you, there was no remember of any phone with the Samsung logo on information technology. Despite huge setbacks stemming from its Note 7, the company still managed to report a profit, suggesting that there are other markets where the company shares an unrivaled market in, which can no doubt cover the losses for the company.

Because iPhone vii and iPhone 7 Plus also come up with substantial improvements in hardware and software, it makes information technology an always easier choice for consumers who own a previous generation handset. What are your thoughts on Apple's potency in smartphone profits? Tell us your thoughts right away.

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