Apple is taking 93% of the profits in the smartphone industry now

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Apple is basically the only company making money from smartphones anymore.

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Every quarter, Canaccord Genuity analyst Michael Walkley takes a look at the state of the profits of smartphone companies. This quarter, Walkley found Apple had a record breaking 93% of the industry's profits.

Apple is always the leader, but for a short while, it looked like Samsung was going to catch Apple. Those days are long gone. Apple has blasted away from the pack.

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Samsung's share of the industry's profits is down to 9%, its lowest point since 2008 as its profits crater. Samsung is under attack from Apple at the high end with the iPhone 6 and 6 Plus, which both have big screens.

It's also under attack at the low-end from cheap Chinese phone makers like Xiaomi. Walkley doesn't have Chinese phone maker Xiaomi in his table, saying, "since Xiaomi is a private company, we are unable to get their sales and profit metrics. If I could get their profit metrics, then I would certainly include."

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Apple sold 74.5 million iPhones last quarter, generating roughly $12.6-$13.5 billion in profits.

Apple smartphone profit share

Business Insider


If you're more into pie charts, here it as a pie chart for Q4.

Apple profit pie chart

Business Insider