Apple has had a tremendous influence on the development of smartphones as we know them today. In the process, the company has absolutely dominated the market in terms of profits.
" />

Apple has accounted for nearly one-third of smartphone profits over past 6 years

Apple-iPhone-Event

Apple has had a tremendous influence on the development of smartphones as we know them today. In the process, the company has absolutely dominated the market in terms of profits. Out of the $215 billion in operating profits generated by the mobile industry in the past six years, Apple accounts for nearly one-third of the total.

According to Horace Dediu, founder of financial analysis firm Asymco, Apple was responsible for 61.8 percent of all profits generated by the smartphone market in the past six years. That amounts to just over $131 billion. In comparison, most other manufacturers only account for a small drop in the bucket save for Apple’s closest competitor and biggest rival, Samsung. The Korean company generated a little over 25 percent of total profits over the same period.

But for manufacturers like Nokia, LG, HTC, Sony, and BlackBerry (RIM), it was a struggle to even break out of the single digits. These companies combined for less than 15 percent of total profits generated. Motorola was a different story, generating a negative number at -2.8 percent. No wonder Google sold off the company so quickly after its initial billion dollar acquisition.

Recently, Google’s mobile OS has been able to catch up to Apple’s iOS in terms of sheer distribution, but the multitude of Android manufacturers insures a smaller slice of the pie when divided individually. No single producer of mobile devices is yet to catch Apple.

The numbers don’t do much to predict the future of the smartphone market (though the struggle of certain manufacturers is apparent). They do, however, confirm what we more or less already knew. If you are seeking smartphone king of the past half decade, Apple is wears the crown.

[via Twitter]

 

 

Continue reading:

TAGS: