Mobile News   Apple  
updated 06:30 PM EDT 05.06.13
Canaccord: Apple dominates smartphone profits, Samsung second
Samsung is steadily improving its profitability in the smartphone area, but Apple continues to be the dominant player when it comes to making money on smartphones sales according to the latest report from Canaccord Genuity. Apple's lower profit margin on smartphones in the first calendar quarter of the year led to a significant drop in its share of smartphone profits but was enough to allow the iPhone maker to claim 57 percent of the entire industry's profits, with Samsung taking the remaining 43 percent.