Q3 2016

Apple Nabbed 103.6% of Smartphone Industry Profit in Q3

In a recent research note, BMO Capital Markets analyst Tim Long has estimated that Apple accounted for 103.6% of smartphone industry operating profits in the third quarter (via Investor’s Business Daily). The iPhone maker’s share is over 100% because other vendors lost money in the business, resulting in Apple having more smartphone profit than the industry netted overall, the...