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Apple Plays Negan With Smartphone Industry Profits
Like the ruthless character of Negan on "The Walking Dead," Apple has seized everything worthwhile from rivals in the smartphone industry.Canaccord Genuity analyst Michael Walkley on Monday estimated that Apple took 106% of smartphone industry profits in the third quarter.Its share is more than 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall.
How Apple Lost China to Two Unknown Local Smartphone Makers
Two years ago, Oppo and Vivo couldn't crack the top five in China's smartphone market.Now they outrank everyone after elbowing Apple aside, thanks to people like Cheng Xiaoning.Cheng runs a thriving electronics store in the rural town of Miaoxia, tapping into her WeChat social media account to promote the brands that pay the biggest commission, and in her case that's Oppo and Vivo.
Strategy Analytics: Apple Captures Record 91 Percent Share of Global Smartphone Profits in Q3 2016
BOSTON--(BUSINESS WIRE)--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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