Figures from Canaccord Genuity have emerged today showing that Apple and Samsung combined to take an estimated 109% of profits in the mobile industry in Q3 of 2013.
It’s no secret that Apple and Samsung dominate the mobile market, yet these numbers are truly staggering. According to the report, Apple took 56% of the operating profits for “feature phones and smartphones” in Q3, with Samsung just behind, taking 53%.
The seemingly preposterous figure of 109% is made possible because the rest of Apple and Samsung’s rivals in the field, Nokia, Blackberry, Motorola, LG, HTC posted losses in the period. Sony was the only other company to even break even during the period, an absurd testament to the performance of Apple and Samsung.
These numbers don’t include Lenovo, ZTE, Huawei and Coolpad, so they might be slightly off, however Chinese data is not available, so we’ll never know.
Apple’s profits actually grew from Q2 to Q3, despite the expected lull as customers awaited the release of the iPhone 5s and the 5c. Sales of those two devices in the current quarter will surely see Apple post absolutely mammoth figures at the end of Q4.
Is it time for Apple and Samsung’s competitors to just give up? Why are companies like Motorola and Nokia failing to get a look into mobile industry? What is it about Apple and Samsung that makes their phones so profitable? Leave your thoughts and comments below, and be sure to follow me on Twitter @TiP_Stephen
Via: Apple Insider