BMO Capital Markets analyst Tim Long estimates that Apple accounted for 103.6% of smartphone industry operating profits in the third quarter. Its share is over 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall. In the year-earlier period, Apple grabbed 90% of smartphone profits, Long said in a research report Thursday.
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Guys, guys (and gals!).
You’re arguing over peanuts.
As has been the case for the last fifty or so years, the profits aren’t in the devices, but in the service.
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