Just how much of the mobile market profits is Apple currently raking in? A staggering 94 percent. Apple only accounts for 15 percent of the mobile market share, yet they’re laying claim to nearly 100 percent of the profits. Samsung is the only other company to make any profits since all the other companies are selling their phones at a loss. Apple’s huge profits are due in large part to the strong sales of its iPhone 6s, a device that does not feature any price reductions at launch. Couple the lack of reductions with the fact that Apple sold 13 million iPhone 6s and 6s Plus phones in the first three days of release and you’ll start to get a clear picture of how they make so much money. With the release of new devices in time for the holidays, Apple won’t stop making profits any time soon.
Read the full article here: Apple Takes Home 94 Percent of Smartphone Market Profit