Apple iPhone dominates with 85% smartphone profit share

In the second quarter of 2023, Apple dominated global smartphone operating profit with an all-time record June-quarter share of 85% as global smartphone revenues declined by 8% YoY and 15% QoQ to well under $90 billion in Q2 2023 and global smartphone operating profit fell to below $13 billion, declining by 3% YoY and 27% QoQ. With 85% share, Apple was, by far, the single-largest contributor to profitability, up from 84% last quarter and 81% in the same quarter last year.
Apple’s iPhone 14