Apple, Samsung claim 95% of global cellphone profits, report says

Although there are hundreds of companies making and selling cellphones, Apple and Samsung accounted for 95% of the industry's profits in the fourth quarter of 2012. Apple alone claimed 70% of the cellphone industry's total worldwide profit of $16 billion, while Samsung had 25%, according to by Counterpoint Technology Market Research. In third place was Nokia with 2%. That left the remaining 3% to be split by about 300 companies.