Strategy Analytics has released an interesting report, showcasing the global operating profit shares for smartphone manufacturers in the third quarter of the year.
According to the report, the smartphone industry generated $9.4 billion in profits in Q3. Apple came out on top, as it took home the vast majority of it — 8.5 billion to be exact (91%). But what’s even more interesting, is that for the first time in its history, Huawei came in at second place.
Huawei is the most profitable Android manufacturer in Q3.
This means that the company now prides itself as the most profitable Android manufacturer on the market. Huawei accounted for 2.4 percent of the industry profits, which comes out at around $0.2 billion.
Neil Mawston, the executive director over at Strategy Analytics, believes that Huawei’s success in the quarter is based on their efficient supply chain, effective marketing, and a strong product lineup. The company does have quite a few great devices on offer like its flagship P9, which sold over 9 million units globally so far and the newly announced Huawei Mate 9.
Meanwhile, the third and fourth names on the list are Vivo and Oppo, which are not lagging that far behind Huawei. Each of the two companies captured 2.2 percent of the global smartphone profit share (around $0.2 billion). They were able to pull it off by releasing great-looking devices that offer an excellent price-performance ratio. Increased demand for smartphones across the Asian continent obviously helped them quite a bit as well.
It is interesting to see that the top three most profitable smartphone manufacturers are all based in China. This goes to show that consumers really are getting more price-conscious when buying a new device as these three companies are known to attract customer’s attention with their affordable prices.
So, what do you think about this report? Did you expect Huawei to come out on top in the Android world?