Nobody Makes Profits Selling Smart Phones, Save Apple and Samsung?
With the exception of Apple and Samsung, no mobile handset suppliers are making money, a study by Canaccord Genuity has found.
Apple and Samsung earned 109 percent of third quarter 2013 mobile phone profits, according to Canaccord Genuity analyst Mike Walkley.
Apple earned 56 percent of profits while Samsung earned 53 percent of profits (the figures include the impact of losses by other suppliers)
Other manufacturers such as BlackBerry, Nokia, LG, HTC and Motorola lost money, Walkley said.
The study, though, did not include data for Huawei, Lenovo, ZTE, and Coolpad, as data was not available for those firms.