Samsung and Apple reportedly earned 87.9% of the smartphone market profits for the last 6 years

According to Horace Dediu, a mobile market analyst that is familiar with Apple's financial strategies, Samsung and Apple together take hold of 87.9% of the profits, generated in the smartphone industry for the past 6 years. From the total of $215 billion, accumulated by the phone industry for the given period, roughly $189 billion went to the said duo, Dediu claims.

However, it seems that Apple holds the upper hand, as it has generated significantly more profits than the Korean manufacturer - $132.87 billion went to Cupertino, while Samsung earned no more or less than $56.11 billion.

The remainder of $26 billion is split between Nokia, BlackBerry, HTC, and LG. According to Dediu, Nokia's earnings for the last 6 years account for a total of $20.5 billion, which grants the Finnish company the third place among the most profitable smartphone manufacturers. HTC, on the other hand, lands on the fourth place with 2.8% of the total industry earnings, whereas BlackBerry and LG take the 5th and 6th place. Sony balances the books with 0% earnings, but Motorola scores an unpleasant financial result of -2.8%, which means that the company lost significantly more than it earned.

source: @HoraceDediu via BGR