iPhone X global profits alone beat all Apple's rivals and it's not even close

Video: For the iPhone X, the price is a whole lot more than the sum of the parts.

The iPhone X accounted for 35 percent of worldwide smartphone profits in the last quarter of 2017, despite reports of slower than usual sales and even though it was only available for two months.

The estimate comes from a new report by Counterpoint Research, which says the iPhone X generated five times more profit than the combined profits of over 6,000 Android OEMs during the quarter.

Apple overall fared well compared with the handheld industry, which saw worldwide profits shrink one percent year over year. Apple’s profits grew one percent year over year.

See: iOS 11 tips and tricks for business professionals (free PDF)

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