Apple and Samsung are the only companies making money from smartphones

Aug22

by Sindy Cator on August 22, 2016 at 4:51 pm

A recent study shows that Apple and Samsung are the only company making any money from smartphone sales. Cannaccord Genuity recently compiled operating margins for all major smartphone OEMs, and compared them to the company’s mobile device margins. What is discovered is that Apple is the most profitable with a 38 percent margin for smartphones. Samsung is also highly profitable with a 17 percent mobile device operating margin. Other notables — not so much. Both HTC and Microsoft run at a 22 percent loss in their mobile divisions. Even LG, which has some of the best Android handsets around, has…