It’s no secret that Apple is the undisputed leader in the high-end smartphone market. In the second quarter of this year, the Cupertino-based company accounted for 75% of the world’s smartphone market profits, according to Counterpoint Research.
The Counterpoint report said that while Apple’s contribution to global smartphone shipments was relatively small – just 13% – the company received 75% of operating profit and 40% of revenue from the entire mobile communications market. The report says that while these numbers highlight Apple’s power, they are still below their peak in the fourth quarter of 2020. At that time, the company’s revenue share reached a staggering 50%, and profits accounted for 86% of the total market.
It should be noted that Samsung is the world’s largest smartphone supplier in terms of the number of devices sold per year. However, the South Korean company lags far behind Apple in revenue and profits. In addition, Xiaomi also claims to be the leader in terms of sales, which has successfully occupied the niche vacated by Huawei.