Apple Claims 92% of Global Smartphone Profits
It is no secret that Apple’s iPhone business is exceptionally profitable. Recent estimates, released by investment bank Canaccord Genuity, show just how exceptional Apple’s position in the smartphone market really is: In the first three quarters of 2015, Apple claimed 92 percent of the industry’s aggregate profits. A number that is even more astonishing considering that the iPhone only accounted for 15 percent of global smartphone shipments during the same period.
Samsung, Apple’s main rival in the smartphone market, is the only other company taking a considerable cut of the industry’s profits, while most other smartphone makers are currently operating at a loss. A couple of years ago, numerous companies were able to operate profitably in the smartphone market, but the fierce competition for market share, especially in emerging markets such as China, has led to deteriorating profit margins for vendors of low- and mid-range devices.
Please note that the aggregate industry profits used to calculate profit shares as shown in the chart, take into account the losses made by unprofitable vendors. That’s why the combined profit share of Apple and Samsung adds up to more than 100 percent.
- Operating profits of investment banking sector globally 2010-2015Operating profits of investment banking sector globally 2010-2015
- Mobile OS: smartphone market share in the United Kingdom (UK) 2015Mobile OS: smartphone market share in the United Kingdom (UK) 2015
- Smartphone market share held by vendors in India 2013-2016, by quarterSmartphone market share held by vendors in India 2013-2016, by quarter
- Smartphone sales value in the United States 2005-2017Smartphone sales value in the United States 2005-2017
- Global smartphone shipments forecast 2010-2020Global smartphone shipments forecast 2010-2020
- Share of smartphone shipments worldwide 2015-2016, by vendorShare of smartphone shipments worldwide 2015-2016, by vendor
- Smartphone sales revenue worldwide 2013-2016Smartphone sales revenue worldwide 2013-2016
- Global smartphone sales value by region 2013-2016Global smartphone sales value by region 2013-2016
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