Apple’s Price/Earnings ratio (trailing twelve months) based on restated (non-subscription) accounts.
Grey line is P/E ex-cash.
Much ink is being spilled over Android outselling the iPhone in the US in Q1. Here’s what NPD survey data shows:
- Q1 units for Android reached 28% vs. iPhone at 21%.
- AT&T stated that they activated 2.7 million iPhones. That is 31% of all iPhones sold by Apple. Assuming NPD data is accurate, we can conclude that Android shipped 3.6 million units in the US or 65% of their total.
- In a previous posting (Global smart phone OS shares « Asymco) I estimated, based on Canalys estimates, that global Android share reached 10% last quarter or about 5.5 million.
- We can compute that Android captured only 4% of smartphone share outside the US while Apple obtained 14% share.
- You can also observe that iPhone’s US share increased y/y while every other platform except Android dropped (implying that Android took share from everybody but Apple.)
- NPD claims AT&T accounted for 32% of the smartphone market, and even though AT&T carried both Android and WinMo and Blackberry devices, 21 out of every 32 phones or 65% of AT&T’s volume were iPhones.
- We can conclude that Android captured 34% of the non-AT&T US smartphone market.
The table below combines the NPD, AT&T, and Canalys data to show units for iPhone and Android in the US, Global and non-US regions.
One can only wonder what would happen if iPhone would be available non-exclusively. Would iPhone achieve greater than 60% share as it did on AT&T? Certainly that’s what happened in France.