Things couldn’t be going better for Apple on the iPhone front. The company just posted the most profitable quarter ever in the history of corporations thanks to strong iPhone sales. And according to the latest report from Cannacord, Apple is basically the only company in the world making money off smartphones.
Apple accounted for 93% of smartphone profits in Q4 2014 reports Canaccord Genuity’s Mike Walkley who has also raised his target price on AAPL shares up to $145. That’s bad news for LG, Samsung, HTC and anyone else that makes smartphones, and to make it even worse, Cannacord estimates one third of all smartphone users will own an iPhone by the end of 2018.
See the full breakdown of profits per company below: