When it comes to making money on the smartphone market, Apple is second to none. A new report from research firm Strategy Analytics indicates that Cupertino has accounted for 83.4% of the combined operating profits of the global smartphone market for Q1 2017, a 3.6% increase compared to the same period for last year. This translates to financial gains of about $10.1 billion.
Meanwhile, Samsung stands firmly in second place, grabbing 12.9% or $1.57 billion in operating profits. This is a significant decrease compared to the 21.9% recorded by the company in Q1 2016. According to industry watchers, Samsung has been struggling to improve its profitability due to market saturation and generally falling margins.
So, what's left for all of the other smartphone manufacturers out there? About 3.7%. Combined. Speaking to Yonhap News, a market expert put the situation into perspective:
Of some 300 smartphone makers, only around 10 companies are generating profits. In terms of profitability, Apple's domination and the market's bipolarization between companies that make money and those struggling to turn a profit are becoming clear.