Few days ago, we learned that the Smartphone market is dominated by two brands, i.e. Apple and Samsung and it would not be wrong to call Apple a profit machine, but the numbers for just how dominant are a bit surprising. It was predicted that two brands would combine for 90% of profits, but that may not even be high enough.
As per the figures from Asymco, the combine profit of both the brands in Q1 of the current year was 99%, wherein Apple’s profit was 73% and Samsung’s profit was 26%. It must be noted that Asymco only counts for those companies who manufacture mobile handsets and never makes it clear what companies are included in.
It is impressive to see that Smartphone market has grown tremendously and so is the Apple’s profit within the market. If we see at Asymco’s data for last two years the total profits from 8 vendors in Q1 was just $5.3 billion and profits generated in Q1 this year were $14.4 billion. And Apple alone made up about $10.5 billion of that number.
Source : Phonearena