Apple makes more money with iPhones than the rest of the mobile industry combined. It also makes three times more money with iPhones than its closest rival, Samsung.
The company obtained 51% of the total revenues of the global smartphone industry during the fourth quarter of 2017, according to a report by Strategy Analytics, capturing more than the rest of the industry total, combined.
It is also noteworthy that Apple made three times more money selling iPhones than its closest rival, Samsung. Specifically, the iPhone generated approximately $61.4 billion in revenue during the December quarter, with the global smartphone market raking in $120 billion during the same time period.
Samsung also increased its revenue but the earnings reported by its mobile division, by comparison, is much lower. $19 billion in Q4 2017. The popularity of premium Note 8 and Galaxy S8 models, as well as fewer low-end sales in its core Asia markets such as China, drove the growth, according to Strategy Analytics.
Strategy Analysis also calculates that the industry has increased sales by 8% annually and that sales of more than $120 billion were made during the fourth quarter of 2017 alone.