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MacRumors reports today on new figures from Asymcos Horace Dediu on operating profits for the top eight mobile phone vendors for the first quarter of 2012. According to Dedius figures, Apple and Samsung together now have 99% of the profits, with Apple alone having 73%, representing a slight drop from 75% in the last quarter of 2011. Samsung saw a steep rise in its share, from 16% in the previous quarter to 26% in the first quarter of 2012. Samsungs impressive rise was at the expense of the likes of RIM, LG, Sony Ericsson, Motorola and Nokia, none of whom could manage to turn a profit in the quarter, with only HTC proving able to squeeze out a tiny profit of 1% of total industry profits. MacRumors notes that in the past two years, the profits taken by the top eight vendors have soared from $5.3 billion to $14.4 billion.
Source: Apple and Samsung Claim 99% of Profits Among Top Mobile Phone Vendors - Mac Rumors