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The iPhone continues to be the top-grossing smartphone line on the market. Apple and its Korean rival Samsung are still the only two companies that can make money selling smartphones, quarterly financial results and analysis show.

According to regular analysis by Canaccord Genuity, Apple keeps profits from the iPhone at 65 percent. This share of the mobile market continues to make it number one in this regard, followed by South Korean Samsung with 41 percent. Apart from these two companies, according to analysts, no other company has managed to stay in positive numbers with smartphones.

Asian manufacturers Sony, LG and HTC remained so-called "on their own" in the last quarter, with a market share of 0%. Others are even worse off, Motorola and BlackBerry have a share of -1%, Microsoft-owned Nokia is at minus three percent.

This peculiar situation is possible because the profits of the two largest players are greater than the profits of the entire market. According to Canaccord Genuity, Apple and Samsung achieved this with 37 percent and 22 percent margins, respectively.

According to analysts, this situation could begin to change in the coming years due to the growing Asian market. "Chinese manufacturers with a strong portfolio of Android phones are likely to become long-term competition for Apple and Samsung," says Michael Walkley of Canaccord Genuity. He also adds that his firm does not include some Chinese manufacturers in the comparison, due to insufficient data on their profits.

However, we should probably find them in the next quarterly summaries. After all, even Apple will have to reckon with them, which is trying to strengthen its position in the Chinese market and is expanding the number of Apple Stores there. However, domestic brands such as Huawei or Xiaomi have a considerable lead and it has long been no longer the case that they only offer low-quality and slow devices for relatively low prices.

Source: Apple Insider
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