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iPhone X gets 35% of total handset industry profits in Q4 2017

Apple and Samsung flagship models lead in terms of profits as compared to other OEMs

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Apple got lukewarm response for iPhone X. Pixabay
Apple suffers great loss. Pixabay
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As global handset profits dipped 1 per cent (year-on-year) in the fourth quarter of 2017, Apple X alone generated 35 per cent of the total handset industry profits, helping the iPhone maker grow 1 per cent (YoY) in the same quarter, a new report said on Tuesday.

According to the latest research from Counterpoint’s Q4 2017, the premium smartphone market did not grow as expected while Apple remained the most profitable brand, capturing 86 per cent of the total handset market profits.

Apple is also working on the new iPhone. IANS

“Apple grew 1 per cent (YoY) even with the iPhone X being available for only two months in Q4 2017. The iPhone X alone generated 21 per cent of total industry revenue and 35 per cent of total industry profits during the quarter,” Research Analyst Karn Chauhan said in a statement.

“The share of iPhone X is likely to grow as it advances further into its life-cycle. Additionally, the longer shelf life of all iPhones ensured that Apple still has eight out of top 10 smartphones, including its three-year-old models, generating the most profits compared to current competing smartphones from other OEMs,” Chauhan informed.

The global smartphone market has already reached its peak with longer replacement cycles and key smartphone OEMs are now under pressure to book profits. “Chinese OEMs cumulative profits crossed $1.3 billion during Q4 2017. This was driven by the increased mix of mid to high-end smartphones. In fact, the average selling price (ASP) of their flagship devices also increased YoY,” added Associate Director Tarun Pathak.

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Key Chinese players like Huawei, OPPO and Vivo are now looking to scale up the price band, by leveraging their inhouse manufacturing capabilities and bringing innovation to their devices, he added. iPhone X generated 5 times more profits than the combined profits of over 600 Android OEMs during Q4 2017.

Apple and Samsung flagship models lead in terms of profits as compared to other OEMs. Huawei was the leading brand among all the Chinese brands, with profit increasing 59 per cent (YoY). “With an increased mix of flagship sales for key Chinese brands, we expect profit share of Chinese players to grow in the coming quarters,” the report added. IANS

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Jio And Airtel Are Bringing Apple Watch Series 3 to India

'Apple Watch Series 3' coming to Airtel, Jio stores

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Apple Watch Series 3 coming to India soon.
Apple Watch Series 3 is coming to India soon. Pixabay

Bharti Airtel on Tuesday announced the sale of “Apple Watch Series 3 (GPS + Cellular)”, starting May 11, a company statement said.

According to industry sources, Reliance Jio is also planning to bring Apple watch Series 3 at its stores with pre-orders starting May 4.

To help Apple Watch Series 3 (GPS + Cellular) customers get started Jio will also offer a special introductory cellular trial.

Logo of Airtel.
Airtel. (Wikimedia Commons)

To activate cellular service with Apple Watch Series 3 (GPS + Cellular), customers first need to update iPhone to iOS 11.3 and watchOS 4.3, then tap “Settings” on iPhone > General > About and follow the prompt to update to the latest carrier settings.

The iPhone-maker launched its third-generation “Apple Watch” in September 2017 in India, priced at Rs 29,900 in gold, silver and space grey aluminium variants.

The smart watch comes with intelligent fitness-coaching features, water resistance and a full LTE cellular radio that switches seamlessly to cellular when away from the iPhone.  IANS

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