IPhone X pocketed 35% of total handset industry profits in Q4 2017

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The handset costs close to $1,500 in several countries such as Russian Federation and India. That could all lead to Apple getting the iPhone X units to store shelves in September. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,234,364 shares of the iPhone maker's stock valued at $190,240,000 after buying an additional 20,689 shares in the last quarter.

The iPhone X's 5.8-inch OLED (organic light emitting diod) screen has a resolution of 2,436 × 1,125 pixels for a pixel density of 458 pixels per inch. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07.

Apple is expected to bump up the price of LCD iPhone by $100, though.

Even post its launch, there was chatter that the iPhone X was turning out to be a flop for the company.

According to Taiwanese tech site, Economic Daily News, the iPhone 11 price will stick to the $999 tab. They set a "buy" rating and a $235.00 target price on the stock. Industry experts were anticipating that the larger iPhone X Plus could be priced at $1,099. According to a report that emerged last month, Apple may already be working on a solution that will allow it to ditch the notch but keep Face ID on an iPhone with thin bezels. Apple's iPhone SE, 6s, 7 and 8 models shipped well in Q4, and the older handsets are still popular with iPhone users looking for value for money.

Apple is reluctant on adding new iPhone models in its lineup and relies on a maximum of three handsets every year? Even though some of them are embarrassed and are trying to convince the world they weren't copying Apple, we can all see the truth. The company will double the output in June, though. Apple and Samsung have dominated that market over the past few years, but Apple has moved ahead.

The company opines that the iPhone X was launched very late in the month of October which hindered its sales along with its price tag. But data from Counterpoint Research shows that it has proved incredibly profitable for Apple.

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But the latest research suggests that in the final quarter of a year ago, the iPhone X alone took home 35% of total industry profits ...

Much of this was fuelled by the success of the iPhone X which alone generated 35 per cent of the total smartphone industry profits.

Apple's performance becomes more commendable as its handset industry profit share kept increasing despite the sales of premium handsets failed to match the expectations.

At No. 6 on the list is Samsung Galaxy Note 8. But despite this, Cupertino-based Apple, which had been penciled in for a hard Q4 2017, managed to emerge victorious as it captured around 86 per cent of the total handset market profits in this quarter. In fact, Counterpoint Research says that the iPhone X alone "generated 5x more profit than the combined profit of 600+ Android OEMs during Q4 2017".

Back in February, the same site discovered an EEC regulatory filing for two upcoming iPad models, foreshadowing the March release of the sixth-generation iPad in Wi-Fi and Wi-Fi/Cellular flavors.

The iPhone SE now sells for $349 (64GB) or $449 (128GB) and comes in four colors.

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