Apple, Samsung generate 106% of industry's earnings
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Apple, Samsung generate 106% of industry's earnings

Apple, Samsung generate 106% of industry's earnings

Global investment bank Canaccord Genuity has said Apple and Samsung are now generating more 106% of the industry's earnings, Cnet has reported. This was achieved because rivals like Research In Motion, Nokia, and Motorola posted operating losses during the September quarter, the firm said. It is the second quarter in a row that the two companies captured more than 100% of the industry's profits, said Canaccord analyst T. Michael Walkley. In the second quarter, Apple and Samsung held 108% share.

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