These 5 graphics explain the value of the smartphone for Apple

san francisco You can rub your eyes when you look at the prices for iPhones: one of the models in Germany recently broke the 2000 euro mark. Apple claims more profit than all other smartphone manufacturers combined, as shown by evaluations available to the Handelsblatt. The group owes this development to the CEO’s strategy Tim Cook: Of the Appleboss is cutting costs while raising smartphone prices.

In the most recent quarter, the iPhone once again drove sales and profits for the company. The iPhone was a key driver of the business with sales increasing from $38.9 billion to $42.6 billion. In the past quarter, the group increased sales by eight percent year-on-year to $90.1 billion (90.4 billion euros). Bottom line, profit improved from $20.55 to $20.72 billion.