Apple and Samsung continue to dominate the smartphone market and have accounted for a monstrous 109 percent profit combined for the third quarter of this year.
Apple and Samsung are the only two smartphone companies that made huge profits in the industry, while the other companies incurred losses. According to Canaccord Genuity analyst Mike Walkley, Apple grabbed 56 percent of the smartphone industry's total operating profits in the third quarter of this year and Samsung trailed behind with 53 percent of industry profits.
The research data does not include Chinese smartphone makers such as Lenovo, ZTE, Huawei and Coolpad. But the dominance of Apple and Samsung over the smartphone market has resulted in companies like BlackBerry, Motorola, Nokia, LG and HTC taking a hit.
The research points out that BlackBerry incurred the maximum loss, accounting for -4 percent industry value share. Sony, however, did not lose money in the fierce competition between the smartphone rivals, but did not gain any profits either. Motorola follows BlackBerry's lead in losses, taking a negative 3 percent in the third quarter.
Other smartphone makers including Nokia, LG and HTC dipped negative 1 percent, according to the research.
All the smartphone manufacturers made losses but Apple and Samsung increased their profit share in the industry. Apple accounted for 53 percent industry profits in the second quarter of 2013, a 3 percent hike, while Samsung shows a 4 percent increase in profits, from 49 percent in Q2.
According to Canaccord Genuity analyst Mike Walkley, Apple profits are bound to go higher in the next quarter with consistency in iPhone 5C sales and sufficient supply of iPhone 5S model during the holiday season.
"Given a full quarter of iPhone 5s/5c sales, we anticipate very strong operating profit share for Apple during the holiday quarter," according to Walkley's research notes shared withAppleInsider. "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, as some Android OEMs include tablet sales in reported smart device sales and profits."
Apple and Samsung have constantly dominated the smartphone industry profit share. For instance, first quarter of this year turned a profitable share of 101 percent for both rivals combined and the following quarter had 102 percent. However, Apple has been on top of the charts throughout.
