Apple and Samsung’s domination of the smartphone industry is truly breathtaking.
According to the latest report from Canaccord Genuity analyst Michael Walkley, Samsung and Apple combined to take 106% per cent of the industry’s profits.
How do they take more than 100%? Well, it’s a quirk of the fact that everyone else in the industry is losing money, or breaking even. Apple has 65% of the industry’s profits, and Samsung has 41%.
Here’s a chart of what it looks like, and below that, Canaccord’s table with a breakdown of each company.
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