• Apple and Samsung Thrive as they take 103% of Mobile Phone Profits in 2012

    Both Apple and Samsung accounted for roughly 103% of mobile phone profits in 2012. At a quick glance, you may think that it isn’t possible for someone to capture 103% of something like profits but this number was made possible because of losses incurred by rivals Motorola, Nokia and Sony. Apple took a commanding 69% of handset profits last year, more than doubling the next closest company, Samsung, which accounted for 34%.

    Together, the two companies have more than 100% of the industry’s profits, according to recently released research by Canaccord Genuity. Nokia’s losses gave it a negative 2% of industry profits while Motorola and Sony Ericsson both accounted for negative 1%. In fact, the only other company that even saw any positive in 2012 was HTC, which accounted for just 1% of industry profits. Other competitor’s in the space, such as BlackBerry and LG are estimated to have broken even.

    Apple’s share of the industry’s profits managed to be even greater in the fourth quarter of 2012, when the company launched the iPhone 5. In the holiday quarter, Apple took 72% of the industry profits, while Samsung’s share slid to 29%. Analyst Michael Walkley of Canaccord Genuity expects Apple and Samsung to retain their dominant shares of the handset industry for the foreseeable future, an expectation which many are likely to agree with.

    Source: Canaccord Genuity via AppleInsider
    This article was originally published in forum thread: Apple and Samsung Thrive as they take 103% of Mobile Phone Profits in 2012 started by Akshay Masand View original post
    Comments 3 Comments
    1. Albut's Avatar
      Albut -
      103% where does the 3% come from. Is that the part where they rip us off for added profit?
    1. Tucnepo's Avatar
      Tucnepo -
      Refer to above
    1. Mrteacup's Avatar
      Mrteacup -
      they dont get an extra percentage or profits because other companies are failing. if i give you five dollars and you make it ten but i give your friend five dollars and he loses a dollar, it doesnt mean you get the dollar..

      also are these comparison percentages? cause that could explain why they could jump above and beyond
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