Apple Grabbed 79% of Global Smartphone Profits in 2016, Samsung 14.6%

2016 was a good year for Apple, not so much for Samsung Mobile. The Korea Herald quoted a report by Strategy Analytics illustrating financial results posted by the biggest players in the smartphone market last year.

The global smartphone market recorded a total operating profit of $53.7 billion in 2016, most of which went to Apple. The Cupertino company managed to capture $44.9 billion and record a profit margin of about 32.4% last year.

Samsung Electronics didn’t do so well with an operating profit of $8.3 billion in 2016, accounting for 14.6% of all global profits. Samsung’s operating profit margin reached 11.6% last year, while annual sales of smartphones dropped $71.6 billion from $75.2 billion in 2015.

Huawei took 1.6% of the global market

Apple’s results aren’t surprising; the company in… (read more)

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