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Analysts: Apple Took 92 Percent of Smartphone Industry Profits in Q4

Patrick Seitz, Investors Business Daily:

Among six major vendors surveyed, four were profitable in smartphone sales in Q4, Canaccord analyst Michael Walkley said in the report. They were Apple, BlackBerry, Samsung and Sony.

Samsung accounted for 9 percent of smartphone industry profits in Q4, while Sony took 1 percent and BlackBerry less than 1 percent.

Interesting that Samsung did as well as they did given the Galaxy Note 7 fiasco. And how bad is it for all the other phone makers in the world that they finished in the red, but even BlackBerry eked out a small profit?

(It’s because everyone else lost money that the numbers for profit share add up to more than 100.)

Wednesday, 8 February 2017