Counterpoint: Apple earned 62% of the global phone profits in Q2

Apple recently hit the trillion dollar valuation (slightly behind schedule) and you may be wondering why. Counterpoint Research has two cha...

Apple recently hit the trillion dollar valuation (slightly behind schedule) and you may be wondering why. Counterpoint Research has two charts that will quickly explain it - Apple took in 62% of the global profits from phones during the second quarter of this year. That's $6 billion in profits on $30 billion of revenue. The Q2 profits of chief rival Samsung have been falling for the last three years and it took home 17% of the global profits, less than a third of what Apple made fro its phones. Meanwhile Chinese brands have been growing steadily with Huawei and Xiaomi getting a huge...

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