“Apple has seized everything worthwhile from rivals in the smartphone industry,” Patrick Seitz reports for Investor’s Business Daily.

“Canaccord Genuity analyst Michael Walkley on Monday estimated that Apple took 106% of smartphone industry profits in the third quarter,” Seitz reports. “Its share is more than 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall.”

“Apple’s smartphone operating profit totaled $10.84 billion in Q3, vs. the industry total of $10.28 billion, Walkley said,” Seitz reports. “In Q2, Apple accounted for 75% of smartphone industry profit, he said.”

Seitz reports, “Samsung accounted for 1% of smartphone industry operating profit in Q3, or $87 million.”

Read more in the full article here.

MacDailyNews Take: Total dominance.

So, when you hear, from some corners, of “the world’s largest smartphone maker” and it’s not Apple, don’t forget to chuckle.

What’s really “larger,” total number of units shipped or taking 106% of the entire smartphone industry’s profits? (Apple only competes in the latter endeavor, never the former.)

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:
Total dominance: Apple iPhone takes 104% of smartphone industry profits – November 4, 2016
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