For the first time ever, Apple‘s (AAPL) iPhone in the December quarter made over half of all the smartphone revenue in the world, with $61.4 billion out of a total market of $120.2 billion, according to research firm Strategy Analytics.
That news comes as China’s local market, one of the biggest in the world for devices, experienced its first-ever, year-over-year quarterly decline during the period.
Although Apple’s quarterly iPhone sales, reported February 1st, came in below Wall Street’s expectations, the company nevertheless toppled Samsung and sold the most units of any vendor in the quarter.
And Apple’s revenue surged because of rising average selling prices, states Strategy Analytics analyst Neil Mawston, calling the iPhone “an incredible money-making machine.”
“Apple iPhone’s average selling price is approaching US$800 and almost three times higher than the overall industry average,” says Mawston.
Samsung was in second place behind Apple in share of dollars, at 15.7%. And Huawei was third at 7%.
Apple shares today are up $4.07, or 2.4%, at $171.44.