Apple takes 57% of the handset industry’s profits in Q1 2013, Samsung gets the rest

The analysts at Canaccord Genuity recently shared a report with AppleInsider that says Apple took 57% of the handset industry’s profits during the first quarter of 2013. Samsung got the remaining 43%. Everyone else simply lost money. Yes, LG posted a small profit, as did HTC, but we’re talking a handful of millions of dollars. Stuff that to Apple and Samsung can be accounted for due to currency fluctuations.

Now these numbers shouldn’t be controversial, but to some folks they are. Some people will say Samsung shipped more smartphones than Apple, so therefore they’re the better company! But isn’t the point of a company to make money? And if you’re going to say the company that shipped the most devices is the best, then technically Nokia is the champion since they moved more boxes than either Samsung or Apple. Of course it’s silly to compare a $15 featurephone that gets sold to an African farmer with a $700 Samsung Galaxy S4, but people still make those comparisons.

And hey, let’s be honest, you really should’t be cheering on a company as if they were some kind of national football team. This is business, let he who makes the best products win.

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  • Pacomacman

    So Nokia is the “Champsion” is it? Never heard of that word!

    • xero14

      dont be an ass

  • BoatBoy

    A year ago, Apple’s share topped out at 74 percent and Samsung’s at 23 percent. This does not look as good for Apple as they are loosing market share.

    • Apple

      Losing Share of profits is not that concerning. Decling or flattening sales and profits is cause for concern. This is not bad for Apple. This is bad for anybody bud Samsung and Apple.

  • wonder

    both the Samsung galaxy s 4 and apple iphone 5s are crap. they are both just miner improvement of there last year phone

    • mastawin

      If you have never seen the 5s iphone then don’t talk smack about it. nuff said….