Samsung most profitable smartphone maker, beats Apple's results

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Apple has enjoyed the largest share of profits in the smartphone business in the last couple of years, but for the first time they've sunk down to second place despite seeing a growth in iPhone sales year-over-year – Apple has posted a $6.9 billion profit on $35.2 billion in revenue in their Q3 results, which means Samsung is currently the most profitable smartphone manufacturer in the world.

Samsung's profit in the most recent quarter is estimated to be $8.33 billion on $50 billion in revenue, resulting from the sales of 71 million phones. Of course, this isn't that great an achievement considering Apple only makes a few devices compared to Samsung's constant barrage of new smartphones in different form factors, but it does indicate that Apple will have to work some magic into their next iPhone and iPad to rise back to (and stay at) the top again.

Source

Abhijeet Mishra - Editor-in-Chief

[email protected]

First Samsung device: SGH-D500

Abhijeet's writing career started with guides for custom firmware for Samsung devices (including the original Galaxy S), and he moved to SamMobile in mid-2013 and worked up the ranks to Editor-in-chief. In addition to phones and mobile devices, his interests include gaming on both PC and console, PC hardware, and spending countless hours on YouTube watching videos on tech, movies, games, politics, and internet dramas.

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samsung upgrades smartthings app for iphone ios apple watch watchos with new design dark mode and features

Samsung most profitable smartphone maker, beats Apple's results

Abhijeet Mishra - Editor-in-Chief

[email protected]

First Samsung device: SGH-D500

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