Apple collected 92% of the operating profit of the world’s top eight smartphone companies in the first quarter of the year, reports the Canaccord Genuity financial firm — as noted by the Wall Street Journal (on.wsj.com/1SjEjmY). That’s up from 65% a year earlier.
Samsung took 15% in this year’s period. The reason why Apple and Samsung earned over 100% combined is because some rivals only broke even or lost money.
Apple’s dominance of profit share comes despite the company selling under 20% of smartphones and because its devices are much more expensive than those of its competitors.
