Apple Achieves Record Smartphone Profits

We all know that Apple is one highly successful company, having had their fair share of hits in the past that saw a slew of devices grow from strength to strength. The fully touchscreen iPhone, when it was first released in 2007, certainly met with a whole lot of skepticism by the industry, but boy, how has it survived since then to become the juggernaut that it is today with the iPhone 6 being the latest model. Having said that, a latest report from market research firm Strategy Analytics claimed that the Apple iOS has picked up a record-high 88.7% global smartphone profit share in Q4, 2014, which is a whole lot more than the 70.5% figure they had in Q4 2013.

It was not all that rosy of an outlook for Android, however, as Android saw a record low 11.3% profit share, which is sharply down from 29.5% in the corresponding quarter in 2013. Where dollars are concerned, Apple’s Q4, 2014 smartphone operating profits stood at $18.8 billion, which is an increase from $11.4 billion in Q4, 2013, whereas Android manufacturers had operating profits of a mere $2.4 billion, which is reduced from $4.8 billion in the same quarter as the previous year. On the whole, global smartphone operating profit saw an increase of 31% in Q4 2014 as opposed to the previous Q4 2013.

Edwin Kee
Categories: Apple, Cellphones
Tags: Android, apple, Smartphones