Huawei was the most money-spinning Android manufacturer during Q3

We have got a new report from Strategy Analytics that tells something about the smartphone industry for Q3 of the year. According to the report, the mobile industry brought in $9.4 billion in profits on the whole.  Apple accounted for a 91% of that number followed by Huawei.

Apple accounted for $8.5 billion of the total smartphone industry revenues for the quarter which is a record for the company. Huawei, on the other hand, captured 2.4% of overall industry proceeds. This makes Huawei the most lucrative Android manufacturer for the very first time in history. Next in line are Vivo and OPPO that account for 2.2 % of global earnings.

Experts attribute Huawei’s remarkable growth to a robust product line, proficient supply chain as well as effective marketing. Vivo’s and Oppo’s growth is confined mostly to its performance in addition to its pricing throughout Asia.

However this report that we have from Tonight’s Strategy Analytics seems to a little more middle-of-the-road than assessments from other companies. BMO Capital Markets, for example, reported that the iPhone captured 103.6% of the mobile industry profits during the third quarter. Apple got this in its share as firms like HTC and LG suffered losses on their smartphone line.

Here is the complete Strategy Analytics press release that can provide you with further details: 

Strategy Analytics: Apple Captures Record 91 Percent Share of Global Smartphone Profits in Q3 2016

Boston, MA – November 22, 2016 — According to the latest research from Strategy Analytics, global smartphone profits reached US$9 billion in total during the third quarter of 2016. Apple dominated and captured a record 91 percent share of all smartphone profits worldwide.

Linda Sui, Director at Strategy Analytics, said

We estimate the global smartphone industry realized total operating profits of US$9.4 billion during Q3 2016. Apple dominated and captured a record 91 percent share of all smartphone profits worldwide. Apple’s ability to maximize pricing and minimize production cost is hugely impressive and the iPhone continues to generate monster profits. Huawei, Vivo and OPPO are the next three most profitable smartphone vendors globally this quarter, but they are still a long way behind Apple.

Neil Mawston, Executive Director at Strategy Analytics, added

We estimate Huawei generated US$0.2 billion of smartphone operating profit worldwide in Q3 2016. Huawei captured 2 percent share of all smartphone profits, taking second spot overall, and becoming the world’s most profitable Android vendor for the first time ever. An efficient supply chain, sleek products and effective marketing have been among the main drivers of Huawei’s robust profitability. Vivo and OPPO followed in third and fourth place and each took 2 percent global profit share. Vivo and OPPO delivered relatively healthy profitability due to disciplined pricing and soaring shipments across Asia.

Linda Sui, Director at Strategy Analytics, added

Three of the world’s top four most profitable smartphone vendors are currently Chinese. Huawei, Vivo and OPPO have not only improved their smartphone product lineups this year, they have also enhanced their operational abilities and kept a tight lid on expanding distribution costs.