Why Apple is so rich might have something to do with Luke Dormehl’s headline:
iPhone rakes in 66% of smartphone profits
That sums it up.
Apple captured a whopping 66% of industry profits. Second place winner Samsung, by comparison, pulled in just 17% of handset profits.
Samsung sold more phones that made less profits? Combined, though, they garnered 83-percent of industry profits. Why is anyone else still in business?