Apple Stock News: Responsible For 93% Of Profits In Handset Industry
Apple is basically the only company making money from smartphones at this point. Every quarter, Canaccord Genuity analyst Michael Walkley takes a look at the state of profits of smartphone companies. Apple’s record-breaking holiday quarter, which brought in $18 billion in earnings, allowed the company to capture 93 percent of the profit in the handset industry. Besides Samsung, nobody else in the market is making any money, with BlackBerry, Lenovo, Sony, and HTC all lucky to break even.
February 10, 2015
