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

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<p>Apple has recorded an insane mobile phone profit share in the third quarter, according to analysts at BMO Capital Markets (http://www.investors.com/news/technology/click/apple-iphone-grabs-104-of-smartphone-industry-profit-in-q3/). 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.</p>
<p>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 (http://amzn.to/2ekRyXb).</p>
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