Apple & Samsung Take Massive 109% of Mobile Industry Profits While Competitors Lose Money

Neil Hughes, AppleInsider:

The mobile market continues to be a two-horse race for profitability between Apple and Samsung, with the two rivals commanding 109 percent of profits — a number made possible because its competitors are actually losing money in the smartphone space.

Apple took 56% and Samsung took 53% for a total of 109%. To me anything more than 100% doesn’t make one bit of sense. The error by Canaccord Genuity: losses are counted as extra profits. Nonetheless, Apple and Samsung are the current runaway winners, by far.