You are using an outdated browser. Please upgrade your browser to improve your experience.
Bryan M. Wolfe
| February 6, 2013
Apple And Samsung Took 103 Percent Of Mobile Phone Profits In 2012
During 2012, Apple and Samsung accounted for 103 percent of mobile phone profits. This percentage was possible due to losses incurred by Motorola, Sony, and Nokia Ericsson, according to AppleInsider. For the year, Apple's profits amounted to 69 percent of the industry. Samsung, meanwhile, took 34 percent. These numbers were announced by Canaccord Genuity. During the fourth quarter, Apple’s percentage of mobile phone profits was 72 percent, while Samsung’s was 29 percent. This was likely due to the arrival of the iPhone 5 during the October through December quarter. AppleInsider