Apple captured 79.2% of global smartphone profits in 2016

Apple captured 79.2% of global smartphone profits last year, according to new data from Strategy Analytics, as noted by The Korea Herald. The tech giant is estimated to have posted total operating profits of $53.7 billion last year, with Apple's operating profit standing at $44.9 billion, notes the research group.

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Apple's operating profit margin was 32.4% last year. Samsung’s smartphone business posted an operating profit of $8.3 billion in 2016, accounting for 14.6% of the global profits, according to Strategy Analytics.