Together, Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co., Ltd. (LON:BC94) raked in 95 percent of the profits that were made in the world’s mobile phone market, according to a report issued by Counterpoint Technology Market Research. Separate research conducted by Strategy Analytics found that the two companies together own half of the 700 million smartphones that were shipped out in 2012. Both of those two reports echo research from Credit Suisse Group AG (NYSE:CS) back in September, although the numbers all shake out a little bit differently.
The research conducted by Counterpoint Technology Market Research indicated that Apple Inc. (NASDAQ:AAPL) brought in 70 percent of the world’s mobile phone profits in 2013, while Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) brought in 25 percent of the profits.
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Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) was a distant third with just 2 percent, while the remaining 3 percent was split among the other 300 (plus or minus) companies that sell mobile phones. The research firm said Apple Inc. (NASDAQ:AAPL) had just 51 percent of the industry’s profits in 2011, and Samsung Electronics Co., Ltd. (LON:BC94) had 15 percent the same year.
The research report from Strategy Analytics indicates that a record 700 million smartphones were shipped in 2012, and half of those were owned by Apple Inc. (NASDAQ:AAPL) and Samsung. From 2011 to 2012, the growth rate of the smartphone market was 43 percent, although that growth is significantly down compared to 2010 when it was 64 percent. Experts say market saturation in some parts of the world helped slow the growth.
Samsung owned about 30 percent of the smartphones that shipped during 2012, while Apple Inc. (NASDAQ:AAPL) owned about 19 percent of them. Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) was again a distant third in the research from Strategy Analytics, coming in with just 5 percent of the smartphones shipped in 2012.