Apple, Samsung control 106 percent of industry’s profits

CNet:

Controlling all of the mobile market’s profits doesn’t appear to be enough for Apple and Samsung anymore. Now they’re actually generating more than 100 percent of the industry’s earnings — 106 percent, to be precise — according to a report from Canaccord Genuity.

That may seem impossible, but it’s largely because rivals — like Research In Motion, Nokia, and Motorola — posted operating losses during the September quarter, the firm said.

Well, it might seem impossible because of math and common sense, but who knows?

Apple, Samsung control 106 percent of industry’s profits

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