The opening quarter of 2015 saw Apple take away 92 percent of the total smartphone profit. Around 50 million iPhone units were sold for the first three months of the year, analysts estimated.
According to The Wall Street Journal, Canaccord Genuity managing director Mike Walkley estimated that Apple's 92 percent total operating income is impressive considering that the company only accounts to around 20 percent of the total smartphone units sold in the first quarter of 2015. He added that Apple's ability to market high-end albeit pricier smartphone plays an important role to its success.
In 2014, the Apple iPhone was sold at an average price of $624 while Android-based smartphones have an average price of only $185.
On the other hand, Samsung was able to grab 15 percent of the total smartphone income for the first quarter of 2015. The reason Samsung and Apple's profit amount to more than 100 percent is because most smartphone makers has a negative income during the quarter.
In the past, June is the weakest month of Apple in terms of sales output. The dwindling demand for Apple products during this month, especially the iPhone, is caused by rumors of a newer iPhone model soon to be released by the company.
However, based on the recent statistics, the opening quarter of 2015 has been good to Apple. The company's biggest rival, HTC and Samsung, reported either quarterly loss or disappointing profits, according to Mac Rumors. Additionally, Microsoft cut off 7,800 jobs on its smartphone division which is responsible for the development of its flagship Lumia device.