Apple Takes a Dramatic Lead in Smartphone Industry’s Profits

Despite selling less than 20 percent of smartphones in terms of unit sales, Apple recorded 92 percent of the total operating income of smartphone sales for Q1, up from 65 percent last year. Apple and Samsung lead the industry while other phone makers broke even or lost money, according to Canaccord Genuity research. Apple has recorded such a significant lead because of higher prices per unit. This has forced rival brands, that mostly run on the Android operating system, to compete by cutting prices. Continue reading Apple Takes a Dramatic Lead in Smartphone Industry’s Profits