apple continuing command of global smartphone profits, and the lead is growing

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.

Continuing a decade-long string of domination, Apple is again on top of the heap for smartphone profits, with the iPhone collecting 80% of all the profit in the industry.

Apple’s revenues grew 3% year-over-year despite having the second-highest position for smartphone shipments at 16%, shipping 46.5 million iPhones in this timeframe.

Apple’s revenue share was just over 40%, a 24% lead over Samsung in the second-highest place in the revenue share of just under 20%, and approximately the same in the first fiscal quarter of 2021.

Meanwhile, Apple’s share of operating profits was approximately 80%, a massive lead over Samsung’s 20% share. Apple’s share is a big increase from the first fiscal quarter of 2021 at 75%.

Overall, global smartphone revenues dropped 2% year over year and 15% quarter-to-quarter to $95.8 billion in the second fiscal quarter of 2022. However, global profits grew 6% year-over-year to $13.1 billion in the same timeframe.

apple continuing command of global smartphone profits, and the lead is growing
Counterpoint Research global handset market share

According to Counterpoint Research, factors involved in a drop of global smartphone shipments include lockdowns in China and ongoing geopolitical factors such as rising inflation and COVID-19.

“Much of the annual growth can be attributed to a smaller base in the COVID-battered Q2 2021 rather than to consistent growth in operating profits through the quarters,” Counterpoint Research notes. “Compared with the previous quarter, operating profits declined 29% after declining 26% QoQ in Q1 2021.”

The firm expects revenue and profit share growth in the second half of 2022, driven mainly by Apple. The top smartphone makers tracked are Apple, Samsung, Xiaomi, OPPO, and Vivo.

TECH NEWS RELATED

Apple names top podcasts of 2022

Find out what everybody's listening to. Photo: Apple Podcasts If you’re looking for a new podcast to addict yourself to, you’re in luck. Apple Podcasts unveiled the podcasts, episodes and channels its listeners paid the most attention to in 2022 (and in the case of subscriber shows and channels, ...

View more: Apple names top podcasts of 2022

Apple Pay rollout in South Korea delayed by regulators

Apple’s plan to rollout Apple Pay in South Korea has been delayed due to an eleventh hour review by regulators, pushing back the expected launch in November to some point later this month, or possibly early next year. The regulators investigation was confirmed by South Korea’s Financial Supervisory Service ...

View more: Apple Pay rollout in South Korea delayed by regulators

Apple considering moving some iPad production to India, report claims

Apple is looking to move some of its iPad production out of China for the first time, according to a report from CNBC, which claims that despite there being no “concrete plans” yet, discussions are underway to move some iPad manufacturing to India in an effort to diversify the ...

View more: Apple considering moving some iPad production to India, report claims

Biggest Apple News+ magazines may be having a tough time

Apple News AppleInsider may earn an affiliate commission on purchases made through links on our site. New data shows that people are reading fewer big-name publications in the Apple News+ subscription service — but it’s not clear if it’s a sign of a wider trend. Circulation numbers recently published by ...

View more: Biggest Apple News+ magazines may be having a tough time

Apple’s rumoured VR headset might be delayed

We might have to wait a few months to get our hands on Apple's rumoured VR headset

View more: Apple’s rumoured VR headset might be delayed

Foxconn's main iPhone factory could resume full production in late December

If you are trying to get an iPhone 14 Pro or Pro Max for Christmas, chances are, you won't get one in time. That's because production has been severely affected by lockdowns at the main iPhone 14 Pro and Pro Max assembly plant in Zhengzhou, China. Fortunately, it looks ...

View more: Foxconn's main iPhone factory could resume full production in late December

This MacBook Pro 13-inch with 16GB RAM, 512GB SSD is $899 today only

Save $900 today only. AppleInsider may earn an affiliate commission on purchases made through links on our site. Save $900 on the upgraded 13-inch MacBook Pro with a quad-core Intel chip, 16GB of RAM and a 512GB SSD during Adorama’s Deal of the Day. AppleCare is $50 off as well. ...

View more: This MacBook Pro 13-inch with 16GB RAM, 512GB SSD is $899 today only

How to evolve Applin into Flapple in Pokémon Scarlet and Violet

Screenshot by Gamepur When you see a Pokémon like Applin, you likely are not expecting it to be a Dragon-type. You could bank on the Grass element and go from there, but this Pokémon can make use of Dragon tendencies. In its return to the Pokémon roster in Scarlet ...

View more: How to evolve Applin into Flapple in Pokémon Scarlet and Violet

Can't Get an iPhone 14 Pro? Here's Why You Should Wait for the iPhone 15 Ultra

Apple Deals: Big Discounts on iPad Air, iPad Mini, AirPods Pro, MacBook Air, etc

Apple reveals the top podcasts of 2022 in various categories

How to Fix Brightness on iPhone When Your Screen Is Too Dark

Apple Arcade December 2022: My Little Pony, JellyCar Worlds, and Dead Cells+

Apple AirTag review

Top 5 iPhone New York Subway Apps for 2022

Apple considering shift of some iPad production into India

Help TidBITS Evolve in 2023 by Becoming a Member

Apple Watch Ultra is back on sale at Amazon, delivers by Christmas

How to use foreign file systems in macOS

OneOdio A10 ANC Headphones review: Great audio for those on a budget

OTHER TECH NEWS

Top Car News Car News