Apple accounted for a handsome 57% share of handset profits in the March quarter, with Samsung hanging tough in second place with 43%.
Incredibly, these two smartphone superpowers continue to wholly dominate profits in their industry, says a new report from Canaccord Genuity. Their "value share" data aims to measure how profitable companies are in the handset business. When it comes to Apple and Samsung, they basically are the handset business.
That number is actually down from the previous quarter, when the two rivals took 103 percent of handset profits. That was made possible because of losses incurred by Motorola, Sony and Nokia — companies that actually lost money in the December quarter.
"While Apple and Samsung continue to dominate the share of industry profits, improving cost structures and results from other OEMs have reduced Apple and Samsung's combined share to 100% from levels above 100% in the past several quarters," Canaccord Genuity analyst T. Michael Walkley revealed Monday in a note to investors.