iPhone X sales are said to be well below expectations, but despite this negative analysis, Apple showed an upward trend in the fourth quarter of 2017, undercutting estimates and recording a significant increase year-over-year.
According to Strategy Analytics, Apple dominated the smartphone world in Q4 2017, as smartphone revenue for the quarter reached $61.4 billion, up from $54.2 billion in the same period last year. Samsung ,on the other hand, which is Apple's top competitor and currently the global smartphone market leader, only made $18.9 billion in smartphone sales, up from $16.2 billion in 2016.
In third place is Huawei with just $8.1 billion, a slight increase from $7.2 billion in the same period last year.
In terms of revenue share for the quarter, Apple is once again the clear leader, as it managed to improve its result from 48.5% in 2016 to 51.0% at least in the fourth quarter of 2017. Samsung is losing ground with 15.7%, followed by Huawei with 7.0%.
“Apple generated three times more smartphone revenue than its closest rival Samsung and seven times more than Huawei. The average selling price of an Apple iPhone is close to $800 in the US, almost three times the overall industry average. Apple’s iPhone is an incredible money-making machine,” explains Neil Mawston, Executive Director of Strategy Analytics.
Strategy Analytics reports for Samsung that the Galaxy S8 and Note 8 were the models that brought the greatest results during the quarter, estimating an average selling price of $254, significantly lower than in the case of Apple.
