Apple's smartphone profits are staggering, at 92 percent of entire industry<article>
<section class="page">
<p>
Apple sells about 20 percent of the world’s smartphones and makes 92 percent of the industry’s profit, a staggering imbalance that reflects the premium prices Cupertino can ask for its phones compared to competitors like HTC and Samsung.</p><p>
The latest numbers come from investment bank Canaccord Genuity, which estimates that Apple’s share of the market is growing exponentially even eight years after the original iPhone’s debut. In the first quarter of last year, Apple took home 65 percent of the smartphone industry’s profits. Samsung’s share is about 15 percent compared to Apple’s 92 percent. (Other companies lost money, which is why Apple and Samsung make up more than 100 percent of profits.)</p><p class="jumpTag"><a href="/article/2947383/apples-smartphone-profits-are-staggering-at-92-percent-of-entire-industry.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
Source:
Apple's smartphone profits are staggering, at 92 percent of entire industry
