Apple’s $100 surcharge gives it nearly all the smartphone profits
The latest smartphone industry profit numbers from Strategy Analytics show Apple is cleaning up like never before, and no wonder.
November 24, 2016
The latest smartphone industry profit numbers from Strategy Analytics show Apple is cleaning up like never before, and no wonder.
As if being able to count on millions of people to pay a $100 dollar surcharge on smartphones of similar spec to Android equivalents (32GB iPhone 7 – $649, 32GB Galaxy S7 – $549) wasn’t enough, Apple can now count in its biggest competitor scoring own-goals of epic proportions.
As a result Apple accounted for $8.5 billion of the $9.4 billion total profit earned by the global smartphone industry in Q3, with the next most profitable company – Huawei – clearing a mere $200 million. Samsung, thanks to the Note7 debacle, was relegated to a distant ninth on the list.