In the fourth quarter of 2010, Apple was able to claim over 50 percent of the smartphone industry's profits and 20 percent of the overall revenue despite only controlling 4 percent of the global market share!
With only a small market share percentage Apple has been able to realize such outrageous profit numbers because of high-priced units with large profit margins. This is probably not the best news for iPhone customers who are shelling out the premium prices for the Apple smartphone, but the Northern California consumer electronics company sure knows what they are doing.
This analysis came from Asymco who compiled the data based on reports from the top 8 smartphone producers: Apple, HTC, LG, Motorola, Nokia, Research in Motion, Samsung, and Sony Ericsson.
How do you feel about these numbers? As an avid iPhone user and a major supporter of Apple, I feel a little taken advantage of. Should a company that only has 4 percent market share be able to have 50 percent of the profits?
Why are Apple's prices so much higher then their competitors? I think more people in the Apple community should take notice of this report and start making a fuss with Apple. Maybe the consumers voice can make a difference...
Adam Wagner, DTiP Blogger