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Apple's iPhone accounted for 66% of Q2 smartphone profit among top vendors

With just two smartphone models available for sale, Apple took in two thirds of profits from smartphone sales in the second quarter among the top eight vendors in the world. The news comes following Strategy Analytics’ confirmation that Apple is also the world’s top smartphone vendor by volume. Four of the eight major smartphone vendors were profitable in the June quarter — Samsung, Apple, RIM and HTC — while Nokia, Motorola, LG and Sony Ericsson all reported losses. Total profit from sales of smartphones among these eight companies declined overall in the second quarter, but Apple’s profit share jumped from 50% in the second half last year and 57% in the first quarter of 2011 to 66.3% this past quarter. Samsung’s profit share hit 15% in the June quarter, RIM stayed level at 11% and HTC grew from 6% in the first quarter to 7.4%, a new high for the company. Another graphical representation of smartphone profit can be seen below.

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.