“BMO Capital Markets analyst Tim Long estimates that Apple accounted for 103.6% of smartphone industry operating profits in the third quarter,” Patrick Seitz reports for Investor’s Business Daily.

“Its share is over 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall,” Seitz reports. “In the year-earlier period, Apple grabbed 90% of smartphone profits, Long said in a research report Thursday.”

“Apple was No. 1 by a mile in smartphone operating profit in Q3. Among major vendors, Samsung was No. 2 in smartphone profits with a tiny 0.9% share, he said,” Seitz reports. “Money-losers in the smartphone business last quarter included LG and HTC, Long said

iPhone 7 Plus

Apple’s flagship iPhone 7 Plus in Jet Black, the world’s most advanced pocket computer

 
Seitz reports, “Samsung had 21.7% of the smartphone market based on units sold in Q3, followed by Apple (13.2%) and Huawei (9.7%), BMO said.”

Read more in the full article here.

MacDailyNews Take: Total dominance.

This reminds us of a little story we first told years ago:

Little Mikey had a lemonade stand. Okay, it was a kiosk. He sold 100 (8 oz.) cups yesterday for 10-cents each. He spent 11-cents per cup for artificial lemon flavoring, corn syrup, and the paper cups. He used tap water because it was free. Threw it all together in a big plastic pail. He’s out a buck for all of his trouble. Boy, that was a lot of work for less than nothing!

Around the block, little Steve runs a lemonade stand, too. It’s all blonde wood and very clean. He sold 50 (24 oz.) glasses yesterday for 50-cents each. He spent 20-cents per glass on fresh-squeezed lemons, pure cane sugar, spring water (mixed with the utmost care), and some very nice glassware (he buys in bulk and gets a good price). He took home $15 yesterday. He’s currently building his newest stand right where Mikey’s used to be.MacDailyNews, April 23, 2009

SEE ALSO:
Apple’s iPhone can soon reap 100 percent of world’s smartphone profits – November 17, 2015
Apple’s iPhone owns 94% of smartphone industry’s profits – November 16, 2015