Is there a more lopsided market that the market for smartphones?
Of the total operating income of the eight largest manufacturers, Apple took 92% last quarter—a remarkable achievement, as the Wall Street Journal notes, given that less than 20% of smartphones sold last quarter were iPhones.
That 92% share is down a hair from the 93% Apple grabbed the previous quarter, according to Canaccord Genuity’s T. Michael Walkley. But it’s up sharply from last year, when Apple and Samsung split the profits 65/35.
That was last summer. In the fall, Apple introduced the iPhone 6 and 6 Plus, stealing market share—and operating income—directly from Samsung’s most profitable smartphones.
The situation is not quite as untenable as it appears in Walkley’s reports. He’s looking at only the eight largest manufacturers. There are hundreds of companies making Android phones, and many of them are doing just fine.
This article originally appeared on Fortune.com
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com