- Apple (NASDAQ:AAPL) grabbed 92% of the operating profit of the world's top eight smartphone companies in Q1, financial firm Canaccord Genuity calculates, up from 65% a year earlier.
- Samsung (OTC:SSNLF) took 15% in this year's period.
- The reason why Apple and Samsung earned over 100% combined is because some rivals only broke even or lost money.
- Apple's dominance of profit share comes despite the company selling under 20% of smartphones and because its devices are much more expensive than those of its competitors.
- The story is similar in the PC industry, although not as extreme. Apple enjoyed over half of industry profits last year despite its Mac line taking a market share of just 6%, Bernstein Research estimates.