Apple Dominates Phone Market
Apple’s iPhone captured a record 51 percent of the global smartphone revenue in Q4 2017, accounting for more revenue than the rest of the industry combined, analytics firm Strategy Analytics has reported.
Apple made three times more revenue from its smartphones than Samsung and seven times more than Huawei.
The figures show Apple countered falling smartphone prices with an average iPhone cost at almost US$800, nearly three times higher than the industry average.
In its most recent earnings report, Apple said it had sold 77.3 million iPhones in the latest quarter, down one percent from a year ago.
Boston-based analyst company IDC estimated that Apple’s nearest rival, Samsung, had a bigger fall in smartphone sales, coming in down 4.4 percent from a year ago at 74.1 million.
The Apple Watch was the surprise mover, leapfrogging the entire Swiss watch industry and selling eight million of its wearable devices in 2017 Q4 for the first time.