Android sells the smartphones; Apple makes the money

November 14, 2011: 10:51 AM ET

Three graphs from Oppenheimer's 2012 Handset Guidebook

In the following bar graphs, lifted from a report issued Sunday to Oppenheimer clients by Ittai Kidron and George Iwanyc, may tell you all you need to know about where the smartphone market is headed.

Keep your eye on the magenta bars representing Apple's (AAPL) iPhone and the light blue bars representing Samsung, the leading vendor of Google (GOOG) Android phones. See who is gaining market share. Note who's taking the profits.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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