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Compare that to $97B profit for Apple in 2023.

• paxys 2y ago
  Why do you need to compare anything? Read what we are discussing.
  • gumby 2y ago
    I agree with that part. But like Apple, ZTE and Xiaomi have other revenue streams beyond handsets (don't know about Transson, but that seems like a pretty narrow margin). I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. In any case the analysts are pretty clear that Apple and Samsung are most of the profit in the handset sector and the churn at the bottom is all non-viable white label businesses. Whether a few inbetween like Xiaomi can sustainably make much profit remains to be seen. I am interested to see if Apple's phone business (and I suppose smartphones in general) has seen its best days. I am going to replace my iphone in the fall, but merely due to age; I don't even know what model number apple is up to these days. The phones seem pretty much the same.
    • bdd8f1df777b 2y ago
      > I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. Xiaomi's phone is its primary business. If they were operating at a loss on their phones, they wouldn't have any other lucrative business to absorb that loss and turn positive on their profit.