Apple Dominates Handset Market in Q4, Takes 87% of Total Profits
Submitted by Jon Reed on
In a note to investors on Monday, Raymond James analyst Tavis McCourt indicated that although Apple's dominance in the mobile phone market increased even further, taking a whopping 87.4% of the total industry profits, the growth of the market itself is markedly slowing down.
According to the report, Apple took 87.4% of the profits while Samsung claimed 32.2%. The fact that so many other vendors in the industry lost money allowed Apple and Samsung to account for over 100% of the industry's earnings in the Q4 2013. Apple and Samsung accounted for 77.8% and 26.1% of the mobile phone industry's profits in Q4 of the previous year. Although these two companies