Apple Scarfs Up Nearly All the Smartphone Profits


Ninety-two percent of worldwide profits from smartphones go to Apple, according to Cannacord Genuity. Samsung is a distant second with 15 percent of the profits. The numbers add up to more than 100 percent, due to companies in the mix that break even or lose money on their smartphone business. Apple’s profit numbers are even more astonishing, considering that it commands just 20 percent of the sales in the market. Since the company started peddling smartphones eight years ago, its profit picture has brightened continuously.

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