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
Samsung has a market capitalization of $437 billion.
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.
About 67% of Samsungs profits are from their semiconductor business and about 20-25% from mobile and internet.
Xiaomi has a market capitilization of $65 billion.
Private company BBK Electronics owns OPPO, Vivo, OnePlus, and Realme which account for over 100 million smartphone sales each year.
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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