According to the latest research from Strategy Analytics, global smartphone revenues hit an all-time high of $120 billion during the fourth quarter (Q4) of 2017. Apple captured a record 51 percent global smartphone revenue share, accounting for more than the rest of the entire industry combined.
“The iPhone generated a huge $61 billion in the quarter, helped by solid demand for its premium X model, and Apple now accounts for more revenue than the rest of the entire global smartphone industry combined,” Neil Mawston, executive director at the research group, says. “Apple generated three times more smartphone revenue than nearest rival Samsung and 7 times more than Huawei. Apple iPhone’s average selling price is approaching US$800 and almost three times higher than the overall industry average. Apple iPhone is an incredible money-making machine.”
Linda Sui, director at Strategy Analytics, says Samsung grew its global smartphone wholesale revenues by 16% annually to $19 billion in Q4 2017. Like Apple, Samsung’s smartphone wholesale average selling price (ASP) grew strongly, rising 21% annually to $254 in the quarter.