“Samsung sells more smartphones, but Apple still leads in smartphone profit,” Patrick Seitz reports for Investor’s Business Daily.
“In the third quarter, Apple generated $6.49 billion in operating income from smartphone sales, while Samsung took in $6.13 billion in operating profit, Canaccord Genuity analyst Mike Walkley said in a research note Thursday,” Seitz reports. “Apple’s operating profit margin on its iPhones was 33% in Q3, while Samsung’s was 20%.”
“In a mathematical quirk, Apple and Samsung combined for 109% of the industry’s total profit. That’s because the rest of the industry lost money on smartphone sales,” Seitz reports. “Nokia, BlackBerry, Google’s Motorola, LG and HTC lost money on smartphones, while Sony broke even in Q3, Walkley said. Apple accounted for 56% of industry smartphone profit, while Samsung rang up 53%, Walkley said.
Read more in the full article here.
MacDailyNews Take: Even by counting millions of low-end feature phones as “smartphones,” and after years of slavish copying, Samsung can’t match Apple’s revolutionary iPhone, the world’s only brilliantphone.
Apple is Samsung’s worst nightmare – November 14, 2013