Apple and Samsung together account for... 109% of industry profits

We may be sounding like a broken record, but there's no arguing with hard data: the mobile industry is, for all intents and purposes, a two-horse race. According to data from Canaccord Genuity, shared by Apple Insider, the Apple and Samsung duo accounts for a whopping 109% of the industry profits. This rather confusing number is by virtue of the losses that the rest of the industry incurred.

Canaccord Genuity estimates that Apple took 56% of the operating profits for Q3 2013 – a jump from 53% from the quarter before. Sammy's share also saw an increase from 49% in Q2 to 53% of industry profits for this last quarter, trailing ever so slightly behind the Cupertino-based company.

In a stark contrast, the rest of the industry bled money, with BlackBerry being the biggest loser with negative 4% of profits, followed by Motorola and it's negative 3% 'share'. The rest – Nokia, LG and HTC – all took an equally-sized hit of -1% of profits. In fact, only Sony managed to break-even, though as you can see at its previous results, the company has been incredibly stagnant – not losing money, but barely ever making any.

Anyhow, as you delve into the numbers below, keep in mind that these figures are not 100% representative, “as some Android OEMs include tablet sales in reported smart device sales and profits,” according to T. Michale Walkley with Canaccord Genuity. In other words, according to the analyst, the actual share of Apple is even higher, which is actually not at all that surprising – Cupretino does have a ridiculous tower of cash. It's also important to note that shares of Chinese manufacturers, such as ZTE, Huawei and CoolPad, have not been accounted for. This means that Apple's and Samsung's share of the profits pie is lower than reported, but still quite indicative.