Apple captures 91% of Global Smartphone Profits in Q3 2016

According to the latest research from Strategy Analytics, global smartphone profits reached US$9 billon in Q3 2016. Apple dominated and captured 91% of all smartphone profits worldwide.

Apple’s ability to maximize pricing and minimize production cost is hugely impressive and the iPhone continues to generate monster profits. Huawei, Vivo and OPPO are the next three most profitable smartphone vendors globally.

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Huawei captured 2 percent share of all smartphone profits, taking second spot overall, and becoming the world’s most profitable Android vendor for the first time ever. An efficient supply chain, sleek products and effective marketing have been among the main drivers of Huawei’s robust profitability.

 

Global Smartphone Operating Profit Share in Q3 2016 [1]

Global Smartphone Profit by Vendor Operating Profit (US$, Billions) Operating Profit Share (%)
Apple $8.5 91.0%
Huawei $0.2 2.4%
Vivo $0.2 2.2%
OPPO $0.2 2.2%
Others $0.2 2.2%
Total $9.4 100.0%

[1] Numbers are rounded. The data-table includes global smartphone hardware profit only. Profit is defined as realized operating profit.