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Apple grabs a whopping 83% of global mobile profits for Q1 2017, Samsung in second place with 13%

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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:


via Yonhap News

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