14 DAY TRIAL // Sales of the iPhone X are said to be well below expectations, but despite this negative analysis, Apple performed strongly during the fourth quarter of 2017, beating estimates and posting a substantial growth YoY.
Strategy Analytics claims Apple dominated the smartphone world in Q4 2017, as smartphone revenue for the quarter totaled $61.4 billion, up from $54.2 billion from the same period a year ago. Samsung, on the other hand, which is Apple’s top rival and currently the world’s number one smartphone market, made only $18.9 billion from smartphone sales, up from $16.2 billion in 2016.
Huawei, which is the self-proclaimed Apple killer, was far behind with just $8.1 billion, a small growth from $7.2 billion in the same period the year before.
iPhone X, most expensive iPhone ever
When it comes to the revenue share for the quarter, Apple is once again the clear leader, as it managed to improve its score from 48.5% in 2016 to no less than 51.0% in the fourth quarter of 2017. Samsung is the runner-up with 15.7%, followed by Huawei with 7.0%.
“Apple generated three times more smartphone revenue than nearest rival Samsung and 7 times more than Huawei. Apple iPhone’s average selling price is approaching US$800 and almost three times higher than the overall industry average. Apple iPhone is an incredible money-making machine,” Neil Mawston, Executive Director at Strategy Analytics, explains.
Strategy Analytics says for Samsung, the Galaxy S8 and the Note 8 were the models that brought home the bacon during the quarter, estimating an average selling price of $254, significantly lower than in the case of Apple.
The iPhone X is Apple’s most expensive iPhone ever, as pricing in the United States starts at $999 for the 64GB model, while the 256GB configuration costs $1,149. Apple is expected to launch a more affordable version priced at $799 this year, but lacking certain features like 3D Touch, as well as two new iPhones based on the existing iPhone X design.
