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Apple iPhone X contributed 35% of the smartphone industry's global Q4 profits

Apple iPhone X contributed 35% of the smartphone industry's global Q4 profits
According to data from Counterpoint Research that was shared on cable business channel CNBC, Apple bucked the trend by reporting a 1% gain in calendar fourth quarter profits from global smartphones sales, year-over-year. The entire industry reported a 1% decline for the same time period. And the one handset that was responsible for the majority of industry profits during the period was the Apple iPhone X.

The tenth-anniversary iPhone, priced at $999 and up, accounted for 35% of smartphone profits even though the phone was available for only two months of the calendar fourth quarter (November and December, of course). The phone also accounted for 21% of global smartphone revenue for the three month period. During the fourth quarter, the iPhone X had five times the profits produced by 600 Android smartphone manufacturers.

Chinese manufacturers scored a $1.3 billion profit in Q4 as these companies started churning out mid-to high-end handsets, which have raised these companies' average selling prices. Globally, handset makers were hurt by a ever-stretching upgrade cycle. Even though Apple is affected by this, the company was still responsible for 86% of all smartphone profits from October through December.

via CNBC

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