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Apple rakes in 93% of entire mobile industry profits

New research has revealed that Apple scooped an incredible 93 per cent share of the mobile industry’s profits last quarter.

This means that of all the profit accrued by mobile companies in the three months leading up to December, the lion’s share went to Apple Inc, as revealed by Canaccord (via PhoneArena).

Frankly, it’s no surprise – last quarter saw Apple beat out every other company on the planet in terms of total quarterly revenue, including oil giant Exxon Mobil.

In fact, Apple profits rose to around $18 billion last quarter, also smashing every other company in terms of quarterly profits too.

This is largely thanks to Apple’s newly heightened average selling price per iPhone unit – $687 (£456) for the quarter. That’s compared to the average Android handset, which retailed at a far paltrier $254 (£169).

Samsung came in second for profit share across the quarter, claiming just 7 per cent of the remaining profits.

This means that Microsoft, BlackBerry, Lenovo, Sony, LG, and HTC all saw negligible, or even negative, profits for that quarter.

Related: iPhone 6S release date, rumours, news, specs, and price

What’s more, Canaccord reckons Apple is set to continue its streak right through into 2015.

We believe the strong iPhone 6 replacement sales should continue during C’15, as we estimate only 15 per cent of the current estimated 404M iPhone installed base has upgraded to the new devices,” wrote the firm.

“We also anticipate continued strong share gains for the larger screen iPhones from high-tier Android smartphones during C’15 driving strong growth in the iPhone installed base.”

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