According to the latest numbers from research firm Strategy Analytics, Apple’s smartphone revenue was three times higher than its nearest rival Samsung and seven times more than Chinese competitor Huawei in Q4 2017. The iPhone maker is estimated to have captured a record 51% share of revenue in the worldwide smartphone industry during the last quarter (via MacRumors).
Strategy Analytics executive director Neil Mawston highlighted that driven by strong demand for the iPhone X, Apple accounted for more smartphone revenue than the rest of the entire industry combined in the quarter. iPhone’s average selling price was $796 last quarter, up from $695 in year-ago quarter, which the research firm estimates to be almost 3x higher than the overall industry average.
“Priced at $999 and up, the iPhone X has undoubtedly helped Apple increase its revenue share in the smartphone industry. What’s more important is profits, however, and the iPhone often accounts for over 100 percent of net income in the smartphone industry when factoring in the losses posted by some rivals.”
Apple recently announced that it sold 77.3 million iPhones in the last quarter of 2017, although it didn’t disclose how many of those sales were iPhone X models.