Electronics

Apple took 90% of Q3 smartphone profits

Apple took 90% of Q3 smartphone profits

Apple's iPhone has set a new profit record.

Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. This domination of the market is thanks to the firm's ability to "maximise pricing and minimize production costs", according to Strategy Analytics.

Apple reported an operating profit of $11.76 billion overall for its fiscal fourth-quarter results (Strategy Analytics' third-quarter research period).

The latest research from Strategy Analytics shows that global smartphone profits topped $9 billion in the third quarter of 2016, nearly all of which went into Apple's pocket. At the end of quarter in September, Samsung was surpassed by Huawei, Vivo and Oppo in terms of profitability due to the Galaxy Note 7 debacle.

Global smartphone profits reached $9.4 billion in total during the third quarter of 2016. With 2.4 percent of operating profit, Huawei is the second most profitable smartphone maker followed by Vivo and OPPO. By far. The company scored $8.5 billion massive profits during the last quarter, which amounts a 91 share of the market.

Huawei┬┤s main is to beat Apple and become the second largest smartphone maker in the world in two years, and beating Samsung and be in the first place by 2020. Vivo and Oppo both captured 2.2% of the global operating profits.

The Samsung versus Huawei smartphone clearly favors the Chinese vendor because of various factors. Samsung does not feature in the top four list. Apple has dominated and captured a crushing record 91 percent share of all smartphone profits worldwide.

Strategy Analytics is well-known for their data sets and related findings which shed light on the Android and wider smartphone markets and today, the company has released its latest findings. In early October it recalled all of its Galaxy Note 7 phones.

Based on IDC Worldwide's Quarterly Mobile Phone Tracker, Vivo shipped 14.3 million smartphones in the first quarter of 2016, placing it in the top five smartphone vendors worldwide, displacing Lenovo and Xiaomi from their global positions, together with new player Oppo.