Apple continues to lead in global smartphone profits

Overall, global smartphone profits declined 11% year-over-year to $12 billion in the third quarter of 2019. However, Apple still dominates the global handset market by capturing 66% of industry profits and 32% of the overall handset revenue., according to Counterpoint Research.

“The loyal premium user base in the major markets like the USA, EU and Japan is one of the reasons that Apple can still operate at a profit level that its competitors can only wish for,” says the research group. “Now with a strong service strategy, Apple’s overall ecosystem is strong enough to guarantee it a steady inflow of revenue in the coming years. In the immediate future, we believe that Apple’s profit for the holiday season will increase with the new line up of iPhones gaining good traction.”

Samsung is a distant second, taking 17% of the overall handset Industry profits. The increased mix of Galaxy A Series along with the positive start of Galaxy Note 10 Series was the key reason for the growth, according to Counterpoint Research.