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Apple Captures Record 91 Percent Share of Global Smartphone Profits in Q3 2016
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- Boston, MA - November 22, 2016 -- According to the latest research from Strategy Analytics, global smartphone profits reached US$9 billion in total during the third quarter of 2016.Apple dominated and captured a record 91 percent share of all smartphone profits worldwide.Linda Sui, Director at Strategy Analytics, said, "We estimate the global smartphone industry realized total operating profits of US$9.4 billion during Q3 2016.
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Reflected Benefits: Apple Dominates Smartphone Operation Profits with Chinese Companies Rising High
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- China Huawei posted the highest operating profits from selling Android smartphones in the third quarter in the world for the first time, surpassing Korea's Samsung Electronics.Samsung, which had been next to Apple in terms of profits in the entire smartphone market including the iPhone, was relegated by other Chinese companies such as Vivo and Oppo as well as Huawei due to a botched recall of the Galaxy Note 7 due to a defect to erupt into flames.According to a report on global smartphone operating profit shares in the third quarter of 2016 released by market research firm Strategy Analytics (SA), Apple accounted for 91.0 percent of operating profits in the global smartphone market with US$ 8.5 billion.
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Apple Inc. Gobbles Up 91% of Smartphone Profits in Q3
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- According to a report from market research company Strategy Analytics, Apple (NASDAQ: AAPL) gobbled up a whopping 91% of the $9.4 billion in operating profit that the smartphone industry generated during the third quarter of 2016.Continue Reading Below"Apple's ability to maximize pricing and minimize production cost is hugely impressive, and the iPhone continues to generate monster profits," the press release read.Image source: Apple.
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