Apple and Samsung stole all Q1 mobile phone profits

By on April 30, 2012 at 9:03 AM.

Apple and Samsung stole all Q1 mobile phone profits

Apple and Samsung take all mobile profit

Apple and Samsung each reported record first-quarter results last week and according to research conducted by one analyst, the companies combined to account for all mobile industry profits last quarter. Apple last week reported $11.6 billion in profit on $39.2 billion in sales, both second fiscal quarter records for Apple, and Samsung managed a best-ever profit of $4.5 billion in the same quarter, $3.9 billion of which came from its IT & Mobile Communications business. Read on for more. More →

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