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Apple bags up 91% of Q3 smartphone profits

In Q3, 91% of the worldwide profit from smartphone sales was made by Apple, reports Strategy Analytics. Total smartphone operating profit in Q3 was $9.4 billion. Apple had $8.6 billion of that with the second, third and fourth most profitable companies, Huawei, Oppo and Vivo each making a profit of $200 million representing 2% of the total. “Apple’s ability to maximize pricing and minimise production cost is hugely impressive and the iPhone continues to generate monster profits,” says Strategy Analytics’...

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