The iPhone may account for less than 10% of the total cell phone market, but even with that small market share, Apple is dominating the industry’s profits and revenue.
Apple’s share of the phone industry’s revenues climbed to more than 40% in the first quarter of this year, a record high for the company, according to data from Horace Dediu at Asymco.
Even more impressive, Apple now accounts for nearly three quarters (73%) of the phone industry’s total profits. Samsung captured 26% of the industry’s profits and HTC took the remaining 1%, says Dediu.
Bottom line: If your name isn’t Apple or Samsung, you’re getting clobbered in the smartphone market.
Below you can see Apple’s share of the market’s revenues and profits.