Apple and Samsung combined to pull in 10

May 14 [Tue], 2013, 14:03
Apple, Samsung: Smartphone profitAccording to data from Canaccord Genuity,andmanaged to capture 100% of the mobile industrys profits last quarter. In the first quarter of 2013, Apple took home 57% of the global smartphone industrys profits, while Samsung grabbed almost 43% to leave nothing for BlackBerry, Nokia or HTC. In fact, the only company that managed a mobile profit share above 0% waswith its 1% share. Even at nearly 100%, however, Apple and Samsungs share of mobile profit has actually declined from last year. The research firm previously reported that the two companies .

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Due to operating losses from smaller scale competitors trying to compete, Apple and Samsungs combined share of industry profits have exceeded 100 percent in previous quarters, Canaccord Genuity T. Michael Walkley said, according to AllThingsD. While Apple and Samsung continue to dominate the share of industry profits, improving cost structures and results from other OEMs have reduced Apple and Samsungs combined share to 100 percent from levels above 100 percent the past several quarters.

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Samsung has slowly eaten away at Apples profits over the past few quarter. The research firm notes that Samsung is now on track to surpass Apple for the largest share of smartphone industry profits within the next few months.

During the June quarter, we believe softer iPhone sales combined with strong Samsung Galaxy S4 sales could result in Samsung surpassing Apple for the top share of handset industry profits, Walkley said.

Although iPhone sales are expected to soften in the coming months,will likely jolt Apple back into the lead.

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