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Apple iPhone X contributed 35% of the smartphone industry’s global Q4 profits

According to data from Counterpoint Research that was shared on cable business channel CNBC, Apple bucked the trend by reporting a 1% gain in calendar fourth quarter profits from global smartphones sales, year-over-year. The entire industry reported a 1% decline for the same time period. And the one handset that was responsible for the majority of industry profits during the period was the Apple iPhone X.

The tenth-anniversary iPhone, priced at $999 and up, accounted for 35% of smartphone profits even though the phone was available for only two months of the calendar fourth quarter (November …

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