Apple and Samsung Combined Account for 106% of the Smartphone Industry's Profits [Chart]

Apple and Samsung combined account for 106% of the smartphone industry's profits, according to the latest report from Canaccord Genuity analyst Michael Walkley.

The percentage is higher than 100 because their competitors are losing money. The biggest loser last quarter was Nokia, which had a net impact of -3% on industry profits. BlackBerry and Motorola both accounted for -1%.

"Given the current competitive dynamics, we believe Apple and Samsung will maintain dominant value share during 2014," Walkley said. "With BlackBerry struggling and Microsoft purchasing dominant Windows Phone OEM Nokia, we believe Chinese OEMs with strong Android portfolios will likely emerge as stronger long-term competitors to Apple and Samsung."


Check out the charts below for more details...

[via BI] [via AppleInsider]