Apple Holds 94% Smartphone Industry Profits Share

Posted: Nov 17 2015, 9:25am CST | by , Updated: Nov 17 2015, 8:16pm CST, in News | Apple

 
Apple Holds 94% Smartphone Industry Profits Share
Source: Canaccord Genuity via Apple Insider

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Canaccord Genuity Reported That Apple Holds 94% Smartphone Industry Profits Share.

As per the recent report by Canaccord Genuity, market research firm, Apple’s share in the smartphone industry profits is the dazzling 94%, for the Q3 2015.

Last quarter, Apple’s share was nearly 92%, while, last year Apple stood at 85%.

The quarterly figure, 94%, when compared to both other figures clearly shows the increasing interests of the audience in Apple around the word.

Apple’s shares are the clear evidence of the dominance of the company in the smartphone industry.

The most interesting fact is that Apple earned this prestigious share of profits despite producing just 14.5 percent (48 million) of the smartphones sold in the quarter.

The average selling price of iPhones was $670 in Q3 this year, which translates into a 37% operating margin.

On the other hand, Samsung shipped total of 81 million smartphone units in Q3. While, only 24.5% of the total mentioned units shipped in the same quarter.

The average selling price of Samsung was just $180 in the same quarter which is much less when compared to Apple.

Some analysts are already predicting that Apple is going to face a fall in the market very soon.

While the chief executive of Apple, Tim Cook announced that the launch of iPhone 6S and 6S Plus was very successful and the company established a new launch record for both devices near the end of the quarter.

The report also stated that the combined share of Apple and Samsung in the market exceeds 100%.

But the figure can be traced back to 100%, when considering the losses of other big companies like BlackBerry, HTC, Sony, and Lenovo in the high-end smartphone segment.

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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