Apple and Samsung now account for 99% of mobile profits

Apple, Samsung and HTC are now the only three profitable companies in the mobile industry. Not just that, Apple and Samsung together combined to grab 99% of all mobile profits. HTC got the remaining approximately 1%, according to analyst Horace Dediu of Asymco.

The most notable change is the fact that Apple’s operating profit share dropped expectedly in Q3 2012 to 60%, but as the company launched the iPhone 5 late in the quarter, we expect this to improve slightly in Q4.

Samsung on the other hand grew tremendously with strong sales of its Galaxy smartphone series and grabbed 39% of the market’s profits. HTC got approximately 1%.

Interestingly, Dediu claims no other companies were profitable, but we do know that LG was one company that reported a very tiny profit, but still profit. It might be a fraction of the percentage but it’s still there. Still, Apple and Samsung’s grip on profits seems to be increasing.

Samsung continues to grab more and more of the mobile industry's profits.