According to a new research from Strategy Analytics, Apple held a record 51 percent share of revenue in the worldwide smartphones industry in the last quarter of 2017.
Apple iPhone generated $61.5 billion in Q4, 2017 helped by solid demand for its iPhone X model, and now Apple accounts for more revenue than the rest of the entire global smartphone industry combined.
According to Linda Sui, Director at Strategy Analytics, “We estimate total global smartphone wholesale revenues grew 8 percent annually to reach an all-time high of US$120 billion during Q4 2017. The smartphone industry’s wholesale average selling price surged 18 percent annually from US$255 in Q4 2016 to US$300 in Q4 2017. The smartphone industry has managed to increase massively its pricing and revenues, despite a recent decrease in shipment volumes.”
Apple generated three times more smartphones revenue than its nearest rival Samsung and seven times more than Huawei, as Strategy Analytics estimates.
iPhone’s average selling price went up from $695 to $796 in the year-ago quarter. The Cupertino giant sold 77.3 million iPhones in the quarter, but it didn’t disclose how many of those sales were iPhone X models.