iPhone X pocketed 35% of total handset industry profits in Q4 2017
Updated : April 17, 2018 02:58 PM IST
According to the latest research from Counterpoint's Q4 2017, the premium smartphone market did not grow as expected while Apple remained the most profitable brand, capturing 86% of the total handset market profits.
The global smartphone market has already reached its peak with longer replacement cycles and key smartphone OEMs are now under pressure to book profits.
iPhone X generated 5 times more profits than the combined profits of over 600 Android OEMs during Q4 2017.