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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.
How are they doing this so long without profit?
In the case of Samsung, they are in a position where they make a number of components for the iPhone. So when Apple wins, Samsung gets paid. When Apple looses, Samsung gets paid.
They trot this shit out every once in a while.
They count losses as negative profits, then claim Apple made > 100% of all profits.
It's bad math for dumb people.
Profits are positive, by definition. Anyone saying anything else is trying to cheat somebody. Probably you.