SEOUL: US tech giant Apple Inc. stood as the world's most profitable smartphone maker around the globe in the third quarter of 2017, data showed Thursday, while Samsung Electronics Co. managed to recoup losses sparked from the suspended production of the Galaxy Note 7, Yonhap news agency reported.
Industry tracker, Counterpoint, said in its report, Apple accounted for a whopping 59.8 per cent of the combined profit generated from the global smartphone industry over the cited period, followed by Samsung Electronics with 25.9 per cent.
The latest figure compares to the July-September period of 2016, when Apple took up 85.9 per cent while Samsung accounted for none due to the ill-fated Galaxy Note 7, a flagship device which was short lived due to battery issues.
"The Korean vendor though with relatively stronger demand for Note 8 and mid-tier high-scale J series has been able to capture almost a fourth of the global mobile handset industry profits," Counterpoint's Research Director, Neil Shah said in the report.
Counterpoint said Apple made US$151 for every smartphone sold over the third quarter, which hovers far above that of Samsung which made US$31.
Chinese companies' earnings per smarpthone was estimated between US$13-15, the industry tracker added.
The researcher, however, said Chinese manufactures continued to expand their presence in the market.
"Usually all the profits have been shared by just two brands Samsung and Apple, however, Chinese brands have made inroads here as well," Counterpoint Associate Director Tarun Pathak said.