Apple has grabbed 77 percent of total profits in the mobile industry during the second quarter of this year notwithstanding the fact that Samsung unit shipments were greater.
According to AllThingsD, research analyst Tavis McCourt, managing director of Equity Research at Raymond James Financial Inc, disclosed that the Cupertino-based tech giant took 43 percent of revenues and a whopping 77 percent of profits from the entire smartphone industry.
The shipment figures followed Apple as it accounted for a meager six percent of smartphone and tablet shipments during the second quarter, whereas archrival Samsung shipped more than twice Apple’s smartphone shipments.
McCourt says profitability is a key factor for Apple since more money reserves mean it can keep itself a step ahead of rivals. He wrote, “Ultimately, profits are the feedstock of innovation; and, innovation drives profits.”
“Until Samsung starts generating more profits than Apple, we would not be overly concerned with who has the unit share lead. Remember, HP and Dell still sell a lot more PCs than Apple sells Macs, but does it matter?”
The large figures will likely increase with the release of Apple’s next-generation iPhone next month, which should reflect on its third and fourth financial reports.
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