Apple Ruled 90% Of Smartphone Market Profits In 2015

Posted: Feb 15 2016, 10:28am CST | by , Updated: Feb 15 2016, 8:01pm CST, in News | Apple

Apple Ruled 90% Of Smartphone Market Profits In 2015
Source: Canaccord Genuity

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As per the data posted by Michael Walkley, Apple has received more than 90% of the mobile market's profits in 2015.

Michael is a famous analyst and works for a market research firm called Canaccord Genuity.

As per the data, Appleā€™s share of the Smartphone sector for 2015 is around 17.2%.

As for the second position, Samsung took 24% of the market share. The profit margin for the North Korean giant is a mere 14%.

As everyone will have noticed by now, if we combine the profits of both Apple and Samsung it is equal to 105%.

It means that around all of the profit was pocketed by the duo, with Apple having visible weightage.

Most of the other Smartphone companies faced a great loss throughout the year.

Taking in consideration the quarter-wise results, the Cupertino based Apple has been taking around 90% of the market's profits for the past five consecutive quarters.

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The Author

<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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