“Together, Apple and Samsung accounted for 103 percent of mobile phone profits in 2012, a number made possible because of losses incurred by rivals Motorola, Sony and Nokia,” Neil Hughes reports for AppleInsider.

“Apple took a commanding 69 percent of handset profits last year, more than doubling the next closest company, Samsung, which accounted for 34 percent,” Hughes reports. “Together, that gave the two companies more than 100 percent of the industry’s profits, according to research released on Wednesday by Canaccord Genuity.”

Hughes reports, “Apple’s share of the industry’s profits were even greater in the fourth quarter of 2012, when the company launched its latest flagship handset, the iPhone 5. In the holiday quarter, Apple took 72 percent of the industry profits, while Samsung’s share slid to 29 percent.”

Read more in the full article here.

MacDailyNews Take: You know, because Apple is doomed, doomed, doomed! ;-)

(And the only thing that saved Samsung’s handset business – temporarily, we hope – was blatantly knocking off Apple’s revolutionary iPhone.)

[Thanks to MacDailyNews Readers "Dan King" and "Fred Mertz" for the heads up.]

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