Android sells the smartphones; Apple makes the money


Philip Elmer-DeWitt is a senior editor at Fortune.

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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