Apple iPhone captures 103.6% of smartphone industry profits in Q3, according to analyst estimates | 9to5Mac

Evidently a lot of unprofitable (non-Apple) smartphones out there; also see Google Android hits market share record with nearly 9 in every 10 smartphones using it (CNBC)

"Apple has recorded an insane mobile phone profit share in the third quarter, according to analysts at BMO Capital Markets. They estimate Apple captured 103.6% of total smartphone industry profits, with Samsung trailing far behind at just 0.9%. The reason Apple can take more than 100% of profits is because the majority of vendors lost money and recorded losses on their smartphone division, such as LG and HTC.

On a units basis, Samsung led with 21.7% of smartphones sold with Apple placing second at 13.2% share. This is the first time Apple has recorded industry profits in excess of 100% thanks to Samsung’s Galaxy Note 7 recall blunders and strong demand for iPhone 7."

Apple iPhone captures 103.6% of smartphone industry profits in Q3, according to analyst estimates | 9to5Mac