Apple has been rapidly growing since the inception of the first iPhone. Although the company commands a higher price point, consumers have shown propensity to increase their willingness to pay. Here is a summary of Apple's dominance from the WSJ.
Apple Inc. recorded 92% of the total operating income from the world's eight top smartphone makers in the first quarter, up from 65% a year earlier, estimatesGenuity managing director Mike Walkley. Samsung Electronics Co. took 15%, Canaccord says.
... Apple's share of profits is remarkable given that it sells less than 20% of smartphones, in terms of unit sales.
... One key to Apple's profit dominance: higher prices. Apple's iPhone last year sold for a global average of $624, compared with $185 for smartphones running Android, according to Strategy Analytics. In its fiscal quarter ended March 28, Apple sold 43% more iPhones than a year earlier, at a higher price. The average iPhone price in the quarter rose by more than $60 to $659, on the strength of the larger-screen iPhone 6 and 6 Plus models.
Can this growth be sustained or even increase? Are there any current or new companies that have a chance at taking down Apple?