Apple continuing command of global smartphone profits, and the lead is growing

Posted:
in iPhone
Continuing a decade-long string of domination, Apple is again on top of the heap for smartphone profits, with the iPhone collecting 80% of all the profit in the industry.

iPhone 14 Pro and iPhone 14 Pro Max
iPhone 14 Pro and iPhone 14 Pro Max


Apple's revenues grew 3% year-over-year despite having the second-highest position for smartphone shipments at 16%, shipping 46.5 million iPhones in this timeframe.

Apple's revenue share was just over 40%, a 24% lead over Samsung in the second-highest place in the revenue share of just under 20%, and approximately the same in the first fiscal quarter of 2021.

Meanwhile, Apple's share of operating profits was approximately 80%, a massive lead over Samsung's 20% share. Apple's share is a big increase from the first fiscal quarter of 2021 at 75%.

Overall, global smartphone revenues dropped 2% year over year and 15% quarter-to-quarter to $95.8 billion in the second fiscal quarter of 2022. However, global profits grew 6% year-over-year to $13.1 billion in the same timeframe.

Counterpoint Research global handset market share
Counterpoint Research global handset market share


According to Counterpoint Research, factors involved in a drop of global smartphone shipments include lockdowns in China and ongoing geopolitical factors such as rising inflation and COVID-19.

"Much of the annual growth can be attributed to a smaller base in the COVID-battered Q2 2021 rather than to consistent growth in operating profits through the quarters," Counterpoint Research notes. "Compared with the previous quarter, operating profits declined 29% after declining 26% QoQ in Q1 2021."

The firm expects revenue and profit share growth in the second half of 2022, driven mainly by Apple. The top smartphone makers tracked are Apple, Samsung, Xiaomi, OPPO, and Vivo.

Read on AppleInsider

Comments

  • Reply 1 of 6
    I have a newer iPhone and a newer Android. Android 13 has so many bugs in it I couldn’t take it anymore. So, back to the iPhone. A seamless experience on the iPhone. The software and hardware are almost flawless most of the time. It’s a very noticeable difference. Plus, Samsung batteries explode after two years and have for many iterations of that phong. Class action lawsuit time!!
    jas99danoxPatchyThePirateV.3lolliverwatto_cobra
  • Reply 2 of 6
    jas99jas99 Posts: 120member
    Yet, apparently, Apple is doomed. 
    PatchyThePirateV.3FileMakerFellerwatto_cobra
  • Reply 3 of 6
    lkrupplkrupp Posts: 10,183member
    jas99 said:
    Yet, apparently, Apple is doomed. 
    Only the dumbest of the dumbest haters still think that. But they keep at it.
    watto_cobra
  • Reply 4 of 6
    Competition w Androids is good otherwise Apple will be anti-competitive ehehehe
  • Reply 5 of 6
    tmaytmay Posts: 5,813member
    lkrupp said:
    jas99 said:
    Yet, apparently, Apple is doomed. 
    Only the dumbest of the dumbest haters still think that. But they keep at it.
    I'm the guy reading the "Death of Stadia" story and thinking, when will Google tire of Android OS?
    FileMakerFellerwatto_cobra
  • Reply 6 of 6
    tmay said:
    lkrupp said:
    jas99 said:
    Yet, apparently, Apple is doomed. 
    Only the dumbest of the dumbest haters still think that. But they keep at it.
    I'm the guy reading the "Death of Stadia" story and thinking, when will Google tire of Android OS?
    Rumours started years ago that Google wanted to migrate to ChromeOS. I suspect there is very strong resistance from the device manufacturers, and Google doesn't want to risk their dominant position with developers. The Android Open Source Project (AOSP) was meant to be a way for manufacturers to avoid dealing with Google, but it turns out that the Play Store is more important than the device OS. I think once Google figures out a way to make the binaries compatible between Android and ChromeOS the former will be retired.
    watto_cobra
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