Apple, Samsung own 95 percent of all mobile phone profits

iPhone | Tuesday February 7 2012 3:05 AM | Comments (0) Tags: , , , , ,

Apple, Samsung own 95 percent of all mobile phone profits

(Credit:
Samsung,Apple )

Apple and Samsung together hoovered up more than 95 percent of mobile phone profits last quarter, leaving little left for other players, says Canaccord Genuity analyst Michael Walkley.

Actually, there wasn’t a whole lot left for Samsung, either, once Apple was done with things.

With strong demand for the iPhone 4S, Apple alone took home around 80 percent of all mobile phone profits in the fourth quarter, up from just 56 percent in the third quarter, according to the analyst. Yet the company holds just 8.1 percent of the global mobile phone market.

At the same time, Samsung’s share of industry profits shrank to 15 percent from 26 percent, but its share of Android customers jumped to 39 percent from 35 percent.

For the quarter, Apple sold 37 million iPhones, helping it ring up overall earnings of $13 billion. Samsung didn’t reveal how many smartphones it sold, but one analyst pegged the number as high as 35 million.

Apple and Samsung spent the better part of 2011 battling each other for the top crown. C… [Read more]

Apple, Samsung own 95 percent of all mobile phone profits

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