Samsung, Apple earn all smartphone profits, and more
Nov 15, 2013
NEW YORK (AFP) ― Apple and Samsung are grabbing virtually all the profits in the red-hot smartphone market while most other makers are losing money, an analyst said Thursday.“We estimate Apple and Samsung combined to capture a remarkable 109 percent of third quarter handset industry profits,” said Canaccord Genuity analyst Mike Walkley in a research note.Walkley pointed out that other manufacturers such as BlackBerry, Nokia, LG, HTC and Motorola are operating at a loss, based on his latest globa