Report: Apple was responsible for more than 90% of smartphone industry operating profits in Q3

According to Strategy Analytics, Apple had $8.5 billion in smartphone related operating profits during this year's third quarter. The entire industry rang up $9.4 billion in operating profits from July to the end of September. That means that Apple alone was responsible for more than 90% of global smartphone industry operating profits in the third quarter.

Following Apple, there was a big fall off in profits. Huawei was next with $200 million in smartphone related third quarter operating profit (2.4% of the industry); Vivo and Oppo were tied for third along with the collective "others." Each had $200 million in phone oriented operating profit during the three months, giving all three a 2.2% slice of that pie.

Apple had a strange period for iPhone sales from July through September. The company topped Wall Street estimates by reporting sales of 45.5 million units. Thanks to the bump in storage capabilities on theApple iPhone 7 and Apple iPhone 7 Plus to 256GB, iPhone Average Selling Price rose to over $600.

During the last quarter, Apple had increased iPhone sales in 33 of its 40 markets. In China, one of Apple's most important sales regions, the company had a tough quarter with iPhone sales declining 30% year-over-year.


via AppleInsider