According to counterpoint research, iPhone X generated 35 percent profit of the combined worldwide smartphone sales and more than 600 Android OEMs in the last quarter of 2017.
The other iPhones models including the iPhone 8, iPhone 8 Plus, iPhone 7, and iPhone 7 Plus generated the second largest chunk of global handset profits, with iPhones holding 8 out of 10 profit share rankings.
The overall handset profits declined by one percent compared to the fourth quarter of 2016. Apple profits increased one percent year over year.
“Global handset profits declined 1% YoY, but Apple grew 1% YoY even with the iPhone X being available for only two months in Q4 2017. The iPhone X alone generated 21% of total industry revenue and 35% of total industry profits during the quarter and its share is likely to grow as it advances further into its life cycle. Additionally, the longer shelf life of all iPhones ensured that Apple still has eight out of top ten smartphones, including its three-year-old models, generating the most profits compared to current competing smartphones from other OEMs”.
The Cupertino giant doesn’t break out iPhone sales by device, so it is difficult to confirm Counterpoint Research’s specific numbers, but Apple held a revenue record in Q4’17, earned $10.7 billion on $52.6 billion in revenue. The company sold $46.7 million iPhones during the quarter.
Do you think Apple will be able to generate the same kind of revenue this year? Let us know in the comments below and stay tuned for more news and updates!