A report from Strategy Analytics has revealed that Apple has got hold of a record high 88.7 per cent in the global profit made by smartphone sales. The market research company compares the profit recorded in Q4 of 2013 with the profit in Q4 of 2014.
Apple has seen a lot of growth after the launch of iPhone 6 and iPhone 6 Plus which has resulted in such a disparity in profits. On the other hand, Android has lost a lot of profit compared to previous years' statistics. It recorded a drop of 18.2 per cent; down from 29.5 per cent in the fourth quarter of 2013 to 11.3 per cent in the same quarter of 2014.
Contrary to Android's profit, Apple earned a profit of $18.8 billion in the fourth quarter of 2014 which is a substantial leap from the $11.4 billion profit in the same quarter of 2013. Android manufacturers were only able to make a profit of $2.4 billion in Q4 of 2014.
The total profit earned from the smartphone industry saw a jump of 31 per cent from $16.2 billion in Q4 2013 to $21.2 billion in Q4 2014.
Though Android manages to stay way ahead of Apple in terms of market share in the smartphone industry, the share is not able to capitalize greater profits for Android. Apple's lean and consolidated method of manufacturing and selling devices is proving to be a great success for the brand.