“Apple Inc. recorded 92% of the total operating income from the world’s eight top smartphone makers in the first quarter, up from 65% a year earlier, estimates Canaccord Genuity managing director Mike Walkley,” Shira Ovide and Daisuke Wakabayashi report for The Wall Street Journal. “Samsung Electronics Co. took 15%, Canaccord says. Apple and Samsung account for more than 100% of industry profits because other makers broke even or lost money, in Canaccord’s calculations.”

“Events last week highlighted the lopsided financial picture,” Ovide and Wakabayashi report. “Apple is asking suppliers to make a record number of new iPhone models. Meanwhile, Samsung forecast disappointing profits, HTC Corp. reported a quarterly loss, and Microsoft Corp. wrote down 80% of the value of the smartphone business it acquired from Nokia Corp. last year… The results demonstrate the rapidly shifting fortunes in the smartphone business, which Apple transformed with the iPhone in 2007.”

“Apple’s share of profits is remarkable given that it sells less than 20% of smartphones, in terms of unit sales,” Ovide and Wakabayashi report. “Neil Mawston, executive director at market researcher Strategy Analytics, said many Android vendors are stuck between low-cost, high-volume brands such as China’s Xiaomi Corp. and Apple’s premium smartphones.”

Read more in the full article here.

MacDailyNews Take: Bu, bu, but market share! (smirk)

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