This report uses data on individual smart phones as well as industry data to identify which smartphone firms capture the most value. It finds that Apple captures most of the industry profits, thanks to its high prices, large profit margins and the volume of iPhone sales worldwide. Apple's...

This research asks who captures the greatest value in the global electronics industry by testing the concept of the “smiling curve”, which predicts that the greatest value is captured by upstream and downstream firms, and the lowest value is captured in the middle of the value chain. We test...

List of Figures. List of Tables. 1. Competing in Computers. 2. Globalization of the Computer Industry. 3. Japan and the PC Revolution. 4. Asia's New Competitors: Korea and Taiwan. 5. Asia's New Competitors: Singapore and Hong Kong. 6. Findings from the East Asian Experience. 7. Lessons for...