Apple breaks record once again, achieves 51% of global profits in smartphone sales

iPhone X

It’s no secret that Apple had a record-breaking fourth quarter in 2017 as many reports have confirmed it. Today, a research gives us impressive figures of iPhone revenues, Apple’s bread and butter, in that quarter.

(Also read: Apple beats Fitbit, sets industry record for smartwatch sales in Q4 2017)

iPhone revenues Q4 2017

According to Strategy Analytics, a staggering 51 percent of global smartphone profits came from the iPhone in the fourth quarter. The global market made $120 billion during holiday quarter of which the iPhone constituted around $61.4 billion. In comparison, Samsung’s revenue stood at $18.9 billion while Huawei’s revenues were $8.4 billion respectively. Both the manufacturer are number two and third on the list. It is clearly visible that Apple’s revenues dwarf that of Samsung and Huawei by many times.

The report said, “Apple iPhone’s average selling price is approaching US$800 and almost three times higher than the overall industry average. Apple iPhone is an incredible money-making machine.”

What’s more impressive is that the iPhone revenues continue to inch higher year after year. This year revenues increased by 2% compared to last year’s 48%. The best is yet to come from the Cupertino company as the $1000 price tag of the iPhone X deterred many users from an upgrade.

However, there are strong rumours that Apple is working on a cheaper LCD display variant of the iPhone X. If that happens, and it seems likely, then there will be a whole lot of upgrades in 2018.

(Also read: Apple might release a bezel-less iPhone with a 6.1-inch LCD display this year)

What do you think about the upcoming iPhone X? Would you be willing to buy it if it were priced below $800? Let us know your thoughts below. 

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Via

An Android enthusiast since I had a Sony Ericsson Xperia Pro. I love writing about the latest in smartphones. When not writing, I will be looking for something to devour, preferably, an all cheese Margherita Pizza. Playing football in the evening is a holy ritual, I never miss it. Oh, and I also like to loot and plunder small villages. In Clash of Clans