Samsung grabs 95 percent share of global Android smartphone profits

The latest research from Strategy Analytics’ Wireless Smartphone Strategies (WSS) service has tossed some interesting facts and figures. According to the report, in Q1 2013, global Android smartphone profits touched $5 billion. The interesting bit, though, is that South Korean giant Samsung dominated and grabbed a 95 percent share of all Android smartphone profits. 

Strategy Analytics estimated the global Android smartphone industry to rake in total operating profits amounting to $5.3 billion during the first quarter of this year. Of this, they estimate Samsung’s Android smartphone shipments to have generated operating profits amounting to $5.1 billion worldwide in Q1 2013.

Making profits!

“Samsung captured a huge 95 percent share of all Android smartphone industry profits. An efficient supply chain, sleek products and crisp marketing have been among the main drivers of Samsung’s impressive profitability,” it adds. 

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The Android platform performed well, too. It accounted for 43 percent share of the entire smartphone industry’s operating profits, which reached $12.5 billion worldwide in the review period.  Samsung was followed by LG, who took 3 percent global profile share. 

The post goes on to add that for now, the South Korean giant is the “undisputed king of the global Android smartphone industry”. In fact, they believe the company to be generating more revenue and profit from the Google-owned platform than Google does. 

Samsung, it says, possesses strong market power and it may use this position to “influence the future direction of the Android ecosystem”. The Galaxy S4 maker, according to the report, could request first or exclusive updates of new software from Android before rival hardware vendors.