They still have a long way to go before they can dream of margins enjoyed by Apple and Samsung
Chinese brand mobile handsets’ profit crossed uS$1.5 billion for the first time in a single quarter i.e in Q3 2017 but the margins enjoyed by them continue to be miniscule as compared to apple and Samsung. The global smartphone profits too grew impressively in the third quarter. according to the latest research from Counterpoint’s Market Monitor program for Q3 2017 (July-September), global mobile handset profits grew 13% YoY in Q3 2017 due to strong performance of Samsung and Chinese brands.
Counterpoint associate Director Tarun Pathak highlighted, “This is the first time ever when the cumulative profits of Chinese brands crossed USD 1.5 billion for the first in a single quarter. usually all the profits have been shared by just two brands Samsung and apple, however, Chinese brands have made inroads here as well.”
This story is from the February 2018 edition of My Mobile.
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This story is from the February 2018 edition of My Mobile.
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