Apple has about 13-15% of the total smartphone market in terms of unit sales but has 75% of the smartphone profits. Apple has over 85% of the corporate market value for the smartphone industry.
Apple’s cellphone business is about 20 times the market value of the second-place smartphone company. The second-place smartphone market value is either Samsung’s smartphone division or Xiaomi. The quote from the movie about salesmen, Glengarry Glennross, is appropriate. The first-place prize is a Cadillac Eldorado. The second place prize is a set of steak knives.
Apple has a market capitalization of $2.7 trillion. Apple’s iPhone sales accounted for 47 percent of the company’s overall revenue.
Google has a market capitalization of $1.9 trillion. Google’s Pixel phone revenue is about $6.92 billion. Google’s share of the smartphone market is about 2.4% in 2021. Google’s market capitalization is almost entirely from search and advertising.
Find more statistics at Statista
Sales for the Samsung memory division specifically were up 46 compared to the same period last year, while profits for the semiconductor division as a whole nearly doubled, going from 5.54 trillion won to 10.06 trillion won (~$8.5 billion).
About 38% of Samsung revenue is from mobile phones and internet.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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