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Bryan M. Wolfe
| November 14, 2013
Apple And Samsung Absolutely Destroy The Competition In Terms Of Profitability
Apple and Samsung continue to dominate the mobile industry. Between the two, they took 109 percent of the industry’s total profit during the last quarter. You heard that correctly, 109 percent. This is possible because some companies in the industry lost money, according to a new analyst survey first shared with AppleInsider. According to Canaccord Genuity, during the third quarter of 2013, Apple took 56 percent of the operating profits for feature phones and smartphones. Samsung’s take was 53 percent. Interestingly enough, Apple’s share actually increased during the quarter, even though the company didn’t launch new iPhones until Sept. 20. The company’s share rose from 53 percent to 56 percent quarter to quarter. While Sony broke even during the quarter, everyone else lost money. Nokia, LG, and HTC each lost 1 percent, while Motorola was in the red by 3 percent. The biggest loser was Blackberry, which had a net profit loss of 4 percent. Canaccord Genuity analyst T. Michael Walkley noted that the share of profits controlled by Apple and Samsung was likely somewhat lower due to Chinese companies. However, companies such as Lenovo, ZTE, Huawei, and Coolpad don’t publish profitability data. See also: Report: Samsung Leads Apple In Smartphone Sales In The US During The Third Quarter, Apple Has Found Much Success In Launching Their Own iPhone Cases, and Samsung Will Still Be The One Producing Chips For Apple.