Apple and Samsung grab 95 percent of all handset profits
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Apple and Samsung, though normally sworn enemies in the courtroom, are mighty forces when they combine powers — and by powers, I mean profit. It turns out the two smartphone vendors account for a whopping 95 percent of profit in the entire mobile industry.
Canaccord Genuity proclaimed these results just recently in a new study. Apple alone holds 80 percent of the profits. That shouldn’t be too much of a surprise considering its enormous freakin’ market cap. Samsung takes the other 15 percent. As for the remaining 5 percent, well let’s just say Motorola, HTC, LG, RIM, Nokia and all the other competitors aren’t doing so hot. »read more
More at: IntoMobile Add additional source
Filed in: Cell PhonesSamsungApple