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Only Three Smartphone Manufacturers Made Profits in Q3 2012

Only Three Smartphone Manufacturers Made Profits in Q3 2012

This piece of news might not come as surprising to those who keep a close watch on the smartphone industry - only three smartphone manufacturers made profits in the third quarter of the year. According to a tweet by market analyst Horace Dediu, the smartphone market is currently "largely dominated by Apple and Samsung with HTC being a distant third", where smartphone profits are concerned.

Android Authority - "Apple, being the first with 60% of the profits, is known to have extremely brilliant margins on their smartphone and accessories sales, so it is no doubt that the company is making money—plus the iPhone 5 did not do too bad in sales. Samsung, in second place with 39% of the profits, makes great devices and is currently leading the Android market with the Galaxy S3 that sold over 30 million units. On the third position with just 1% smartphone sale profits, we find HTC, which is struggling to meet expectations."

This portrayal of an over-saturated market doesn't bode too well for other players lagging behind in the race for profits, which includes LG, Motorola and RIM. Hopefully, LG's newly-released and quick-selling Nexus 4 will help pick pace for the Korean company and RIM's long-awaited BlackBerry 10 devices will reinstate its position once again come 30th Jan 2013.

Sources: Business Insider and @asymco via Android Authority

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