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Apple captured 79.2% of global smartphone profits in 2016

Apple captured 79.2% of global smartphone profits last year, according to new data from Strategy Analytics, as noted by The Korea Herald. The tech giant is estimated to have posted total operating profits of $53.7 billion last year, with Apple’s operating profit standing at $44.9 billion, notes the research group.

Apple’s operating profit margin was 32.4% last year. Samsung’s smartphone business posted an operating profit of $8.3 billion in 2016, accounting for 14.6% of the global profits, according to Strategy Analytics.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.