The iPhone X is Apple’s most expensive iPhone to date, prices for the handset start at $999. Now it looks like the device is also one of Apple’s most profitable iPhones.
According to a recent report by Counterpoint Research, the iPhone X was responsible for 35% of smartphone profits in quarter four of 2017. This one handset apparently generated more profit than the combined profit of more than 600 Android manufacturers in the same time period.
Counterpoint Research Analyst, Karn Chauhan, highlighted, “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’s iPhones actually took a massive 86% of the total smartphones profits in quarter four of 2017, this includes all of their models that are currently available, like the iPhone 8, iPhone 8 Plus, iPhone 7 and 7 Plus and others.
The figures above are estimates between each model as Apple does not supply information on the different models sold, just the total number of iPhones sold which includes all models together.Filed Under: Apple, Apple iPhone