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Apple Takes 104 Percent of All Smartphone Profits Following Galaxy Note 7 Recall (macrumors.com)
Apple accounted for over 100 percent of smartphone industry profits in the third quarter of this year, according to estimates published by BMO Capital Markets on Thursday. From a report on MacRumors: Analyst Tim Long, quoted in the Investor's Business Daily, said Apple's staggering 103.6 percent profit share in Q3 2016 came largely as a result of significant losses posted by rival vendors including LG and HTC, and despite Apple continuing to shift fewer handsets year on year. Based on units alone, Samsung accounted for 21.7 percent of all smartphones sold, with Apple coming in second with a 13.2 percent share. In terms of profits however, Samsung came a distant second to Apple, capturing only a 0.9 percent share.
I am 150% sure that they can't have more than 100% of the profit share. Thank you to math teachers everywhere for at least trying, but some can not be reached!
Simple -
Total profit made by all smartphone companies combined: $100
Profit made by Apple: $103.60
Profit made by Samsung: $0.90
Profit made by LG: -$1.00*
Profit made by HTC: -$3.50*
* Actual numbers made up on the spot.
Profits and losses are the same type of thing with financials. Its all reported on the P and L.
Invention, my dear friends, is 93 percent perspiration, 6 percent electricity, 4 percent evaporation and 2 percent butterscotch ripple.
No, a negative profit is a "not profit". Just like a negative bank balance is "not money". And this story is "not sense."