“Together, Apple Inc. and Samsung Electronics Co., Ltd. raked in 95 percent of the profits that were made in the world’s mobile phone market, according to a report issued by Counterpoint Technology Market Research,” Michelle Jones reports for ValueWalk. “The research conducted by Counterpoint Technology Market Research indicated that Apple Inc. brought in 70 percent of the world’s mobile phone profits in 2013 [sic. Means 2012 – MDN Ed.], while Samsung Electronics Co., Ltd. brought in 25 percent of the profits.”
“Nokia Corporation was a distant third with just 2 percent, while the remaining 3 percent was split among the other 300 (plus or minus) companies that sell mobile phones,” Jones reports. “The research firm said Apple Inc. had just 51 percent of the industry’s profits in 2011, and Samsung Electronics Co., Ltd. had 15 percent the same year.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “DogGoneToo” and “MacMan1984” for the heads up.]
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