Apple, Samsung Earn 99% of Smart Phone Profits

Samsung is making huge gains in the global smart phone market. But the story is more than a tale of growing market share. In the area of smart phone profits, Apple and Samsung earn about 99 percent of profits from sales of smart phones.

Apple, Samsung and HTC are now the only three profitable companies in the mobile industry. Not just that, Apple and Samsung together combined to grab 99 percent of all mobile profits, according to Asymco.

HTC got one percent of industry profits, according to analyst Horace Dediu of Asymco.