Apple's iPhone X Took 35% of Smartphone Profits in the Fourth Quarter [telecom]

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Apple's iPhone X Took 35% of Smartphone Profits in the Fourth Quarter

By Don Reisinger

Apple's iPhone X has been slammed by reports that demand for the handset is sluggish. But a new report suggests it tops in profitability.

The flagship Apple handset nabbed 35% of the smartphone market's profits during the fourth quarter, market researcher Counterpoint reported on Tuesday. The iPhone X was the most profitable smartphone on the market, topping Apple's iPhone 8, which captured 19.1% of the industry's worldwide profits, according to Counterpoint. The iPhone 8 Plus landed in third place with 15.2% profit share.