Apple had another very good year in 2017, at least that seems to be the case according to market research firm Counterpoint Research. The numbers show that the iPhone accounted for as much as 86% of profits last year; with a solid third of that coming from the iPhone X.
Overall, the smartphone market appears to have declined by 1%. A small number, but is perhaps a signal of things to come. Despite this, Apple’s marketshare increased by 1%. Showing that the company is indeed still unique among its peers.
Nowhere was this more noticeable than with the iPhone X; which was launched as part of the 10th anniversary of the first iPhone. The fact that it accounted for 35% of profits last year is especially impressive considering that it was only available for two months.
Such large profits are somewhat interesting to observe. Considering that there are reports of lackluster demand for the iPhone X.
That said, it wasn’t all gloom for the Android market. Chinese manufacturers like Oppo and Huawei have gained ground on the competition, and the introduction of more premium- and mid-range phones has helped their bottom line.
Still, Apple products accounted for eight of the top ten best selling smartphones. Showing that even the three year old iPhone 6 still has some legs to it.
[Source: Counterpoint Research]
