37.1 C
Delhi

Apple got 75% of entire smartphone industry profit in Q2, as per Report

While Apple doesn’t ship more phones than anyone else, a new report today shows that it continues to take home most of the global smartphone profits even before the launch of the iPhone 13. In the second quarter of the year, iPhones accounted for only 13% of global shipments, but it’s a very different story when it comes to revenue and profit.

Apple isn’t the number one company that ships the most devices in the world, that’s Samsung, but it’s the one company that profits the most from smartphones. Counterpoint Research says that iPhones accounted for 40% of global smartphone revenue, and 75% of profits went to Apple.

Counterpoint says “Apple has been the biggest profit and revenue generator in the handset business. In Q2 2021, it captured 75 percent of the overall handset market operating profit and 40 percent of the revenue despite contributing a relatively moderate 13 percent to global handset shipments.”

Apple got 75% of entire smartphone industry profit in Q2, as per Report
Image Credit: Counterpoint

The research firm attributed the steady revenue stream and a big uptick in its shipment share to the success of the iPhone 13 models. “While this performance shows the power of the Apple brand, it is still lower than the peak of Q4 2020 when its revenue share reached a staggering 50 percent, up from 28 percent in Q3 2020, and its profit share reached an unprecedented 86 percent, up from 51 percent in the previous quarter. While there was a significant jump in its shipment share, from 9 percent to 17 percent in the same period, the extent of its revenue share reflects the success of its first 5G-enabled iPhone series” the research firm added.

- Advertisement -TechnoSports-Ad

Samsung is the largest smartphone vendor in terms of actual shipments, but it failed to reach the second-highest revenue share in Q4 2019 and Q2 2020 when Huawei was still in the fight. However, Samsung has steadily been on the number two spot in the past several quarters, and it’s just behind Apple. The report also highlights that Apple is a premium smartphone manufacturer, and even companies such as Xiaomi ship more devices, but of course, it has widely different profit margins and devices at different prices.

Also Read:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Astitva Patle
Astitva Patle
Content writer with have a experience of more than 1 and a half year in this field. If you like my content and wanna give me opportunity then please contact at [email protected]
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

iQOO 9 series could come in India in Q1 2021 with Snapdragon 8 Gen 1

iQOO the Vivo’s sub-brand has unveiled the iQOO 8 and iQOO 8 Pro smartphones in China in the month of August this year. Both...

Apple Music 2021 Top Charts are here: Check all the highlights

Apple Music Top 100 charts 2021 list is in front of us. BTS's Dynamite band from South Korea is the most-streamed song in 2021...

Samsung dominates the Global Foldable smartphone market with 93% Share

The global foldable phone market seems to have reached new heights in Q3 2021, at the same time when Samsung unveiled the Galaxy Z Fold...

Xiaomi 12 will be the first smartphone powered by Snapdragon 8 Gen 1

Xiaomi is working on its new flagship device and it can be anticipated to launch in December during a launch event. The Xiaomi 12 and Xiaomi 12X flagship handsets will be launched in China first and also it'll make its debut in other requests. In a recent tweet,...