Apple’s iPhone has 90% of smartphone profits

Apple’s iPhone market share by is declining when it comes to unit shipments, but it continues to dominate when it comes to making money. BMO Capital Markets analyst Tim Long estimates that Apple accounted for 103.6% of smartphone industry operating profits in the third quarter. 

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Its share is over 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall. In the year-earlier period, Apple grabbed 90% of smartphone profits, Long said in a research report.

Among major vendors, Samsung was No. 2 in smartphone profits with 0.9% share, he said. Money-losers in the smartphone business last quarter included LG and HTC.