Apple and Samsung to grab 90% of 2012 mobile profits

Apple and Samsung to grab 90% of 2012 mobile profits
Overall, it's widely assumed that smartphones will continue to surge and take over more and more of the market, but it seems we may need to reframe the argument of iOS vs Android to be simply Apple vs Samsung. After the huge numbers the two companies put together in 2011, analysts think that 2012 will be even bigger.

UBS analyst Maynard Um has looked at the numbers and found that smartphones are now accounting for 30% of the cell phone market, but more impressively, smartphones make up "over 75% of industry revenues." More specifically Um says that we really need to take a look at just Apple and Samsung because those giants "now account for over 55% of industry revenues and over 90% of total [profits before tax].”

This comes on the heels of huge fourth quarters for each company, and it looks like that success is going to continue this year, and given the excitement for the iPhone 5 and Samsung Galaxy S III, that's not too hard to believe. 

source: BGR

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