Apple, Samsung earn all smartphone profits, and more

Nov 14, 2013
An iPhone 5C on display at the Apple store on September 20, 2013 in New York City

Apple and Samsung are grabbing virtually all the profits in the red-hot smartphone market while most other makers are losing money, an analyst said Thursday.

"We estimate Apple and Samsung combined to capture a remarkable 109 percent of third quarter handset industry profits," said Canaccord Genuity analyst Mike Walkley in a research note.

Walkley pointed out that other manufacturers such as BlackBerry, Nokia, LG, HTC and Motorola are operating at a loss, based on his latest global handset survey.

Walkley estimated that Samsung shipped 84.8 million smartphones in the quarter and "captured an impressive 53 percent of handset industry profits."

Apple meanwhile, which launched two new iPhones late in the quarter, "increased its share of profits from 53 percent in the second quarter to 56 percent in the third quarter due to slightly higher sequential iPhone unit sales but also primarily due to more pronounced struggles from other" manufacturers.

He said Apple is likely to perform even better in the fourth quarter with "improved supply for the iPhone 5s and steady iPhone 5c sales."

Walkley said his analysis excludes some new Chinese smartphone makers "due to the lack of available profit metrics."

A Samsung Galaxy Nexus phone is seen on display at a Sprint store on April 27, 2012 in San Francisco, California

A Gartner survey released Thursday showed Samsung had 32 percent of the global smartphone market in the past quarter, to Apple's 12.1 percent.

Explore further: Hackers invoke 9/11 in new chilling Sony threat

add to favorites email to friend print save as pdf

Related Stories

Samsung posts record Q3 smartphone shipments

Oct 29, 2013

Samsung Electronics shipped a record 88.4 million smartphones in the third quarter to take its global market share above 35 percent, while rival Apple's slice thinned, research data showed Tuesday.

Smartphone competition weighs on LG earnings

Oct 24, 2013

LG Electronics Inc. said its handset business sank into the red for the first time in a year as it cut prices and spent more on marketing to carve out a share of the high-end smartphone market.

IDC: Smartphone shipments up 39 percent in 3Q

Oct 29, 2013

Research group IDC says worldwide shipments of smartphones grew 39 percent in the most recent quarter to 258 million as Samsung and Apple maintained their dominance.

Chip growth leads Samsung to another record profit

Oct 25, 2013

Samsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones.

Android smartphones dominate, Windows gains

Nov 12, 2013

Google's Android platform was used on four out of five smartphones sold worldwide in the third quarter, while Microsoft's Windows Phone showed strong gains, said a survey out Tuesday.

Recommended for you

Underfire Uber ramps up rider safety

7 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

Sony cancels NKorea parody film release after threats

7 hours ago

Hollywood studio Sony Pictures on Wednesday abruptly canceled the December 25 release date of "The Interview," a parody film which has angered North Korea and triggered chilling threats from hackers.

Sprint accused of billing for unwanted services

12 hours ago

(AP)—Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn't order.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.