Apple’s smartphone market share by unit shipments is declining,
but it continues to dominate where it counts: profits.
BMO Capital Markets analyst Tim Long estimates that Apple
accounted for 103.6% of smartphone industry operating profits in
the third quarter. 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 Thursday.
Apple was No. 1 by a mile in smartphone operating profit in Q3.
Among major vendors, Samsung was No. 2 in smartphone profits with
a tiny 0.9% share, he said. Money-losers in the smartphone
business last quarter included LG and HTC, Long said.