IPhone X Alone Gets 35% Of Total Global Smartphone Profits

Apple iphone x profit Q4 2017

In Apple's quarterly earnings statement, Apple CEO Tim Cook declared that since it shipped to customers, the iPhone X was the biggest seller every week during the holiday season that was being examined by Counterpoint, outpacing the iPhone 8 and iPhone 8 Plus through November and December. The reason for this was the new feature in gadgets. As Apple Insider points out, none of these model numbers have been used for other devices before, so it seems that we're looking at a listing for a collection of new devices. It has a starting price of $999, which goes up to $1,149 for the 256GB model. The lower-than-expected demand from iPhone X given its expensive price tag is an overhang. The EEC has revealed new upcoming iPhone model numbers several times in the past, and they're typically posted on the site about a month before they're announced and released to the public. 8 out of top 10 smartphone models that generate more profit for OEMs belong to Apple.

It's hard to call the response to Apple's iPhone X tepid considering the phone has made three times more money than every major Android vendor combined. But despite this, Cupertino-based Apple, which had been penciled in for a hard Q4 2017, managed to emerge victorious as it captured around 86 per cent of the total handset market profits in this quarter.

At No. 6 on the list is Samsung Galaxy Note 8.

Apple has received EEC certification for eleven new iPhone models which could all be variants of a new iPhone SE 2, reports Consomac. One of them is called "heir" to the tenth version of the iPhone:E the same body, display and new e-filling, the Second copy will come with a larger body and screen, the third prototype will be a budget version of the iPhone X, but with a larger monitor. We will add, Apple has more than a few years is the most profitable company in the smartphone manufacturers. Moreover, iPhone sales are also anticipated to be marred by the increasing replacement cycle of smartphones. The report claims that the cumulative profit of Chinese OEMs has crossed $1.3 billion in Q4 2017. "In fact, the average selling price (ASP) of their flagship devices also increased YoY", added Associate Director Tarun Pathak.

According to the latest research from Counterpoint, Apple and Samsung flagship models lead in terms of profits as compared to other Android OEMs. However, Apple has worked out the formula for consistently generating significant amounts of profit from its products, which is seen in the iPhone X.

Naples Global Advisors LLC boosted its stake in shares of Apple (NASDAQ:AAPL) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

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