Apple’s iPhone X is Responsible for 35% of Worldwide Smartphone Profits in Q4 2017

According to a report from Counterpoint Research, Apple’s iPhone X accounted for 35 percent of the total worldwide smartphone profits int Q4 2017.

Apple’s flagship device generated 5x more profit than over 600 Android OEMs combined, even though the device was only available for the final two months of the year. Other Apple devices, including the iPhone 8 and 7 series, generated a large chunk of the remaining global handset market profits.

Overall, global handset profits have declines year-over-year, but Apple has actually grown its profits by 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.”

Apple does not break down iPhone sales by specific model, so it is difficult to confirm Counterpoint Research’s numbers. However, there have been similar reports and estimates published in the past, so it seems these values have some merit.