Smartphone profits mounts 100% for Apple 

November 11, 2016, 2:52 pm
Smartphone profits mounts 100% for Apple 
BUSINESS NEWS
BUSINESS NEWS
Smartphone profits mounts 100% for Apple 

Smartphone profits mounts 100% for Apple 

Despite a slowdown in sales, Apple is capitalizing on Samsung’s Note 7 woes and big losses at other low-price Android vendors.

Android phones have taken up 88% of the global market by shipments according to new statistics from Strategy Analysts.

Well it is not bad news for Apple. Separate figures from BMO Capital shows that the iPhone is helping Apple rake in 103% of the smartphone industry’s profit.

That is because other smartphone makers like LG and HTC have been losing money on mobile sales. Samsung accounted for just 0.9% of industry profits. Android vendors face a long-term challenge of overcrowding and low margins in emerging markets like Indian and South Africa.

Meanwhile Apple is able to capitalise on the losses of its Android competitors and make up the shortfall with its premium phones.

The smartphone wars are not yet over, despite Android’s ubiquity. They have only become more complicated for Android vendors.