“I knew things were bad for smartphone makers that weren’t named Apple or Samsung, but I had no idea they were this bad,” Bill Snyder reports for InfoWorld. “A new report out of Wall Street has a stunning conclusion: Not a single smartphone maker other than the two leaders made any profit during the first three months of the year.”
“The report by analyst T. Michael Walkley of Canaccord Genuity shows that while Apple has lost considerable market share to Samsung, it remains — for the moment, at least — the big kahuna of the bottom line, taking 57 percent of the industry’s profits,” Snyder reports. “Samsung snagged the remaining 43 percent.”
Snyder reports, “The report calls into question the future of competition in the mobile industry. ‘This can’t continue,’ say Chris Hazelton, a mobile analyst at the 451 Group. ‘No one is going to crash and burn right away, but at some point you’d expect to see consolidation.’ Consolidation, by the way, is polite industry speak for companies merging or dropping out of the market altogether. That means BlackBerry, HTC, LG, Nokia, Sony, and Google’s Motorola Mobility unit are all at risk.”
Much more in the full article here.
[Thanks to MacDailyNews Reader “CognativeDisonance” for the heads up.]