Apple, Samsung divvy up most smartphone profits, says report

Jordan Crook for TechCrunch:

Despite the rapid growth of the smartphone market (41 percent YOY, to be exact), Samsung and Apple are the only smartphone makers really enjoying this growth. Combined, they took home 55 percent of global smartphone shipments in the first quarter of 2012. More importantly, they’re walking away with 90 percent of the market’s profits.

In case you were wondering why Apple and Samsung are at such loggerheads, it’s only partly over patent issues. Right now these are the two companies with the most to win or lose in the market, so it makes sense that they fight tooth and nail for every advantage over each other.