Apple recently hit the trillion dollar valuation (slightly behind schedule) and you may be wondering why. Counterpoint Research has two charts that will quickly explain it - Apple took in 62% of the global profits from phones during the second quarter of this year. That's $6 billion in profits on $30 billion of revenue. The Q2 profits of chief rival Samsung have been falling for the last three years and it took home 17% of the global profits, less than a third of what Apple made fro its phones. Meanwhile Chinese brands have been growing steadily with Huawei and Xiaomi getting a huge...
Source: https://www.gsmarena.com/apple_earned_62_of_the_global_phone_profits_in_q2-news-33371.php
