From Yahoo! News: Apple and Samsung each reported record first-quarter results last week and according to research conducted by one analyst, the companies combined to account for all mobile industry profits last quarter. Apple last week reported $11.6 billion in profit on $39.2 billion in sales, both second fiscal quarter records for Apple, and Samsung managed a best-ever profit of $4.5 billion in the same quarter, $3.9 billion of which came from its IT & Mobile Communications business. Read on for more. According to Raymond James analyst Tavis McCourt, Apple accounted for a staggering 80% of all mobile industry profits last quarter and Samsung was responsible for the remaining 20%. The two companies also combined to take in about 74% of the handset industry’s
