106% of Smartphone Industry’s Q1 Profit Came From Apple and Samsung

Making a profit from selling smartphones can be quite a challenge if you’re neither Samsung nor Apple. Those two companies managed to snag  106% of the smartphone profits in Q1 of this year while everyone else is practically bleeding money.

By the end of Q1, 2014, Apple managed to bring in 65% of the industry’s profits while Samsung came in at 41%. That means Nokia, Blackberry, Motorola, Sony, LG, and HTC are either losing money or barely breaking even. Nokia was the biggest loser with approximately -3% of profit.

operating profit with smartphone companies

The study comes from Canaccord Genuity analyst Michael Walkley, who said, “Given the current competitive dynamics, we believe Apple and Samsung will maintain dominant value share during 2014. With BlackBerry struggling and Microsoft purchasing dominant Windows Phone OEM Nokia, we believe Chinese OEMs with strong Android portfolios will likely emerge as stronger long-term competitors to Apple and Samsung.”