For some time, whenever Android proponents argued for the platform’s dominance based on handsets shipped, Apple fans would counter by pointing out the iPhone was tops in profits.
Indeed, a new report shows Apple had more than half of all mobile profits during the first quarter of 2013, leading Android handset rival Samsung.
According to Canaccord Genuity, the iPhone maker came away from this year’s first period with 57 percent of mobile phone profits, despite having just eight percent of the worldwide handset market share.
By contrast, South Korea’s Samsung – which leads in market share – earned just 43 percent of the share of profits. However, the two companies could soon switch positions. The analyst firm claims iPhone sales will be weak in the upcoming June quarter, overshadowed by profits fueled by Samsung’s new Galaxy S4… Read More