Tuesday, November 19, 2013

Apple And Samsung - Worldwide Mobiles

Apple and Samsung neck and neck in worldwide mobile profits

Apple and Samsung command 109 per cent of profits in the mobile industry as a whole, according to Canaccord Genuity.

As their competitors continue to post losses, Apple and Samsung are neck and neck for the bigger profit share in the worldwide mobile industry, new figures reveal.

According to third-quarter data from Canaccord Genuity, the iPhone maker took home 56 per cent of available profits, while the South Korean rival accounted for 53 per cent.

The 109 per cent total is possible because the two companies' competitors are still losing money on their smartphones rather than making it - Nokia, Blackberry, Motorola, LG and HTC were all in the red by the end of September.

Nokia and Motorola were particularly unprofitable, with the soon-to-be Microsoft and Google subsidiaries posting profit shares of minus four and minus three respectively.

Sony, meanwhile, managed to break even over the course of the three-month period.

Canaccord Genuity Analyst T Michael Walkley said Apple's majority share - up from 53 per cent in the preceding quarter - was surprising given that the Californian electronics giant had transitioned to the iPhone 5S and 5C late in the quarter.

"Further, we believe Apple's value share of the handset market is even higher than our estimates ... considering Apple's dominant share of the tablet market," he added.

Unlike some Android manufacturers, Mr Walkley explained, the iPhone maker does not include iPad sales when reporting smart device shipments and profits.

More info @: cable.co.uk