iPhone X Alone Generated 35 Percent of the Mobile Industry Profits in Q4 2017technicalstudio | April 16, 2018 | 0 | Tech News
As global handset profits dipped 1 percent (year-on-year) in the fourth quarter of 2017, iPhone X alone generated 35 percent of the total handset industry profits, helping the iPhone maker grow 1 percent (YoY) in the same quarter, a new report said on Tuesday.
According to the latest research from Counterpoint’s Q4 2017, the premium smartphone market did not grow as expected while Apple remained the most profitable brand, capturing 86 percent of the total handset market profits.
“Apple grew 1 percent (YoY) even with the iPhone X being available for only two months in Q4 2017. The iPhone X alone generated 21 percent of total industry revenue and 35 percent of total industry profits during the quarter,” Research Analyst Karn Chauhan said in a statement.
This article was sourced from Gadgets360