Visualized: Apple and Samsung occupy the 99 percent… of phone profits

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Financial maven and maker of beautiful graphs Horace Deidu has found that between the top eight mobile phone vendors, Apple and Samsung share 99 percent of the total spoils. Of RIM, LG, Sony (Ericsson), Motorola, Nokia and HTC, only the latter made a profit — claiming that left over one percent. The remaining six all recorded losses for the quarter, Mr. Deidu adding that several of those companies are carrying feature phone businesses that they should shed before they become an albatross around their neck.

Visualized: Apple and Samsung occupy the 99 percent… of phone profits originally appeared on Engadget on Fri, 04 May 2012 12:17:00 EDT. Please see our terms for use of feeds.

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read more: http://www.engadget.com/2012/05/04/apple-samsung-99-percent-profits/

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