Apple and Samsung took 109% of the mobile industry’s profits for Q3 2013, Sony broke even

According to the bean counters at Canaccord Genuity, Apple took 56% of the mobile industry’s profits between July and September, better known as the third quarter. Samsung took 53%. Sony broke even. And everyone else lost money. How is Samsung in second place when they obviously sell more Android phones than Apple sells iPhones? The thing about Samsung is that they make $80 Android phones, like the Galaxy Pocket, and $800 Android phones, like the Galaxy Note 3. The profits on that Note 3 are far higher than that on the Pocket, but the Pocket will sell far more units than any Note because there are simply more people alive who can afford an $80 phone than an $800 phone. Meanwhile, the average selling price of an iPhone has been $650 since first launching back in 2007. Looking at the other Android OEMs, Sony seems to be the only company who can sell phones and not lose money. That’s truly surprising, because we thought LG would be profitable given the fact that they make nearly all the components that go into their devices. Then again, it might be that LG is cutting their prices because they’re trying to increase market share? Let’s see what Q4 holds, because that’s everyone’s best quarter. Continue reading →

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