According to the report of Strategy Analytics, the total profit of smartphone market in Q3 2016 is 9 billion USD. The leading position belongs to Apple, followed by some big Chinese brands.

Apple profit: surpass the other competitors

Strategy Analytics has released a report about the profit of the smartphone market in Q3 2016. According to the report, the total return is $9 billion. To be specific, Apple dominates and accounted for 91% of the profit in the whole industry. Huawei, Vivo and Oppo followed as the next three firms, which earned most money from the market. However, they are all surpassed by Apple with a far distance. Huawei constitued 2.4%, Vivo and Oppo both constitued 2.2%.

The reason Apple could earn such a huge profit is because they maximized their selling prices as well as minimized production cost. They manufactured their smartphones in China, which can help them to save a huge amount of cost. In some recent reports, Apple is reported to make iPhones in the US according to the new elected president’s policy. So, it remained a big question towards the price of a future iPhone. And whether Apple can dominate the smartphone business like Q3, 2016.

Huawei gained 2.4% in the total profit from the market and stands after Apple in the ranking table. Strategy predicts Huawei earned $0.2 billion from the global smartphone market in Q3 2016. This is the first time that Huawei is the Android phone’s manufacturers which can earn such a huge profit. Thanks to efficient supply chain, beautiful products and effective marketing campaign, Huawei can successfully carve themselves a niche in this competitive market.

Apple profit: leading in the martket

It is undeniable that Apple has the fastest growth in the smartphone market. They always thrive to enhanced products with new features and non-stop updates to cater for customers’ satisfaction. So it’s not exaggerated to say, they deserve to be the top smartphone manufacturer at this current time.