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.

Comments

Re:150% Sure

[fermion]

In previous years Apple and Samsung accounted for the majority of profits in the smartphone category. Now that Samsung has sunk itself, not only with exploding mobile devices but also exploding washing machines, the only profitable firm is Apple.

The larger than 100% number is because most firms operate at a loss. For example, one can easily be 200% more productive than a very lazy coworker.

Re:150% Sure

[Anonymous Coward]

Sure they can. If they make $2bn but all their competitors collectively lose $1bn, then the profits for the entire industry are $1bn and Apple have taken 200% of the industry's profits.

Re:Utter bollocks

[slashdice]

Let's say you, Ron Jeremy, and Lena Dunham are in a room comparing dick sizes. Your dick is 4 inches. Ron's dick is 8 inches. Lena's dick is -6 inches (because it's actually a vagina). Total dick size is 6 inches. Ron Jeremy has 133% of the dick in the room.