Apple owns 92% of the profit in the smartphone market
While Samsung faces a difficult quarter, Apple, as always, is swimming in cash. The company was the owner of 92% of profits in the smartphone market in the first quarter of this year, although iOS devices occupy only 18.3% of the segment.
This latest information was released by market research company IDC, which also estimated that 78% of devices sold in the same period runs Android. However, Samsung held a share of 15% of market profits, getting almost an abyss away from Apple in second place. It worth mentioning, that Samsung remains the biggest manufacturer of Android devices.
If you sum up all of the profits from smartphones you will get 107% and there is nothing wrong. This calculation is done by evaluating the profit of several companies, and many do not even profit – on contrary they lost money. Therefore, the negative percentage of profit makes other companies such as Apple and Samsung to be able to grab a bigger slice of profits in the market.
While Apple has beaten record in the first quarter of this year with $18 billion profit, it has lost space compared to the market. Believe me or not, that number was already 93% in the last three months of 2014.
It is funny to see how profit rose compared with the first quarter of the last year – the company owned 65% of the market profits. You can see how iPhone 6 and 6 Plus were successful by steady growth and the company’s record-breaking revenue.
The company’s expectations will not stop growing Apple has ordered 85 million to 90 million new iPhones for sale, with screens of 4.7 and 5.5 inches. Last year, the first batch of new iPhones was 70 million to 80 million devices.