April 17, 2018 02:58 PM IST | Technology
iPhone X pocketed 35% of total handset industry profits in Q4 2017
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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more