Apple takes 94 per cent of industry profits home: Canaccord Genuity

Apple has just 12-14 per cent share of the global smartphone market, but takes home a staggering 94 per cent of the industry profits, according to a research note from financial services company Canaccord Genuity. Number-two ranked Samsung is way behind, with 11 per cent. Canaccord notes that its analysis likely overstates Apple’s profits as it does not account for Chinese mobile phone players such as Huawei that post substantial sales volumes. Here’s a look...