According to the latest report provided by market research agency Counterpoint, the total profit of the global mobile phone market in the third quarter of this year was 12 billion US dollars, a decrease of 11% compared with the same period last year.
That’s mainly due to the decrease of the amount of high-end smartphones sold. Because, after all, 5G is around the corner and some may want to wait replacing their phone until a 5G flagship alternative is available.
APPLE HAS THE HIGHEST PROFITS IN THE PHONE INDUSTRY
Now, always according to the data from Counterpoint, Apple crushed its rivals again in the third quarter of this year, getting 66% of the profits of the smartphone industry, thus winning the profit race. While all the competitors only made about a third of the total profits.