Thanks to the Note 7 recall, Apple scored virtually all of the phone industry's profits in Q3
posted by Daniel P. / Nov 04, 2016, 6:42 AM
After Samsung wrote off this and next quarter in terms of smartphone profits, due to the Note 7 recall fiasco, Apple is now the sole game in the industry when it comes to actually earning money from the production of its handsets. According to the calculations of BMO Capital Markets analyst Tim Long, Apple took virtually all of the smartphone industry's profits in Q3.
LG or HTC, actually operated at a loss. Samsung eked out just 0.9% of the total profit amount sloshing in the system, despite commanding the largest 21.7% market share of all phone makers.The analyst pegged the number at 104%, since some of the companies in the business, like
Apple is second with 13.2%, while Huawei is the third-largest manufacturer now with 9.7% out of the 346 million smartphones shipped in Q3. Last year, Apple netted "just" 90% of the total profits in the third quarter, but, thanks to the Note 7 mishap, Q3 2016 must be some kind of a record here.
Posts: 370; Member since: Nov 15, 2013
posted on Nov 04, 2016, 6:51 AM 1
Posts: 7044; Member since: Mar 16, 2013
I am not surprised that Apple makes so much, especially when they overcharge for everything. At a 104% that means they are taking the profit from other OEMs devices and their efforts. Which doesn't surprise anyone. This just confirms and continues to show how greedy Apple really is. Especially since Apples market share dropped, and Android gained market share in the same quarter. The smart people in the Android camp realize that good devices with high end specs don't have to cost $650 or $1000 for a really good smartphone. What I find funny with all this profit, is how long can Apple keep going if they continue to see sales declines?
posted on Nov 04, 2016, 7:01 AM 12
Posts: 21619; Member since: May 28, 2014
Lol, you're just extremely bumburned that my responses are wittier than yours JakeLee, and it shows. Your jealousy is showing. Apply aloe and a cool, damp cloth for the pain of being anally wounded.
posted on Nov 06, 2016, 7:08 PM 0
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