- Credits
- 23,396
It is no secret that Apple’s iPhones are hot sellers. In fact last we heard, Apple’s market share in the US smartphone market was at 43.5%, putting them head and shoulders above the competition, which is why it does not really come as a surprise to learn that apparently in terms of the smartphone industry’s profits, Apple is said to be raking in about 92% of it.
This is according to an estimation by Canaccord Genuity managing director Mike Walkley. According to their estimates, about 1,000 companies in the world make smartphones, but yet it seems that somehow Apple manages to take home about 92% of those profits. As for potential rivals such as Samsung, Walkley has estimated that the South Korean firm only takes home about 15%.
Source
92 % of smartphone profits is a large amount of profits for Apple. But, I bet, a lot of Android smartphone makers who sell cheaper phones may not make a lot of profits since they need to spend more money building phones by using more RAM like 2-4GB of RAM, and a faster Quad-Octacore CPU, so Android slowsdown less often, but Android makers still need to sell phones for lower prices than Apple because most phone buyers are less likely to pay higher prices for non-Apple smartphones.
There are also a lot of cheap Android phone makers which sell very cheap Android phones where the phone makers make a lot less profits, so they can take away buyers from smartphone makers like Samsung and HTC who make larger profits by selling more expensive phones.
This is according to an estimation by Canaccord Genuity managing director Mike Walkley. According to their estimates, about 1,000 companies in the world make smartphones, but yet it seems that somehow Apple manages to take home about 92% of those profits. As for potential rivals such as Samsung, Walkley has estimated that the South Korean firm only takes home about 15%.
Source
92 % of smartphone profits is a large amount of profits for Apple. But, I bet, a lot of Android smartphone makers who sell cheaper phones may not make a lot of profits since they need to spend more money building phones by using more RAM like 2-4GB of RAM, and a faster Quad-Octacore CPU, so Android slowsdown less often, but Android makers still need to sell phones for lower prices than Apple because most phone buyers are less likely to pay higher prices for non-Apple smartphones.
There are also a lot of cheap Android phone makers which sell very cheap Android phones where the phone makers make a lot less profits, so they can take away buyers from smartphone makers like Samsung and HTC who make larger profits by selling more expensive phones.
It's an impressive achievement for Apple. I can't imagine it being easy to sell so many devices that are twice as expensive as the ones offered by the competition...