Harmeet Singh Walia, Senior Analyst at Counterpoint Research, noted that the best-selling iPhone 15 Pro Max contributed to Apple’s highest-ever Q3 operating profit.
The report by global market research firm Counterpoint Research indicated that in the third quarter of 2023, the global smartphone market remained flat on a yearly basis but surged by 15% quarter-to-quarter to surpass $100 billion.
Harmeet Singh Walia, senior analyst at Counterpoint Research, noted that the best-selling iPhone 15 Pro Max contributed to Apple’s highest-ever Q3 operating profit.
Counterpoint believes the launch of the Galaxy Z Fold5 contributed greatly to this growth.
“(Xiaomi) offered more affordable mid-range products at promotional prices to both retailers and consumers, on the back of strong sales of the Redmi K and Note series. Consequently, it achieved both revenue and operating profit growth both sequentially and annually,” Counterpoint added…Read more