iPhone X accounts for 35% of total profits in the global smartphone market

Apple’s top-of-the-range smartphone, the iPhone X, accounted for 35 percent of total worldwide mobile device sales profits in the fourth quarter of 2017, according to new estimates recently released by Counterpoint Research.

iPhone X accounts for 35% of total profits in the global smartphone market

The iPhone X takes profits to the next level

The new iPhone X has generated five times more advantages than the combined benefit of more than 600 Android smartphone manufacturers during the quarter under study, despite the fact that it was only available for purchase during the last two months of the year, and against numerous authorized voices pointing to at least modest sales.

Other Apple iPhone models, including the iPhone 8, iPhone 8 Plus, iPhone 7, and iPhone 7 Plus, represented another essential part of the overall smartphone market benefits. In fact, iPhone devices occupy 8 of the top 10 rankings, as you can see from the chart above. Thus, Apple was the most profitable brand with 86% of the total smartphone market revenue.

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On the other hand, while overall total earnings in this sector decreased by one percentage point compared to the fourth quarter of 2016, Apple’s revenues grew by 1% between 2016 and 2017.

However, before these estimates shared by Counterpoint Research, we must note that, since Apple does not divide iPhone sales by model, it is difficult to confirm the data proposed in this study, although Cupertino’s company set new revenue records in the fourth quarter of 2017, with a total of $10.7 billion in profits from $52.6 billion in revenue. In total, Apple sold 46.7 million iPhones in the last quarter of 2017.