Apple iPhone sales make up almost 80 percent of the company's profits

Apple iPhone sales make up almost 80 percent of the company's profits
Apple iPhone sales make up almost 80 percent of the company's profits
Samsung and Apple may be almost neck-to-neck in terms of smartphone market share, but it's the Cupertino company that takes home nearly all the profits to be made.

Apple Inc. might as well rename itself to "iPhone Inc." as the iPhone family has been the most profitable smartphone by far in the market.

Despite what smartphone rankings say about Samsung and its superior market share against its competitors, the South Korean company reaps just 14.6 percent of worldwide smartphone profits for a total of 8.3 billion USD according to analytical firm Strategy Analytics. Meanwhile, Apple takes in 79.2 percent of all smartphone profits made for a total of 44.9 billion USD. The source blames the Galaxy Note 7 disaster as a major contributing factor to Samsung's stagnant year in profits.

In total, the smartphone market has brought in an estimated 53.7 billion USD for all manufacturers involved. Manufacturers who aren't Samsung or Apple are essentially left in the cold with either razer-thin profit margins or significantly lower sales when compared to the two biggest manufacturers. While Oppo, Vivo, and Huawei have been rising fast in market share, they only receive 1.5 percent, 1.3 percent, and 1.6 percent of the final profit cuts, respectively. All other manufacturers have earned even less from the business.

Sony declared in 2016 that the smartphone business is essentially unsustainable for the company in its current form and HTC has been on the fence about its ailing smartphone arm.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 03 > Apple iPhone sales make up almost 80 percent of the company's profits
Allen Ngo, 2017-03-13 (Update: 2017-03-13)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.