FORTUNE -- According to Canaccord Genuity's Michael Walkley, Apple (AAPL) and Samsung managed last quarter to split all the world's profits in mobile phones -- 56% Apple and 53% Samsung -- and come up with a total of more than 100%.
That only makes sense if you accept two premises:
Ignoring ZTE, TCL and the other Chinese manufacturers was a matter of necessity, according to Walkley, due to the lack of what he calls "available profit metrics" (i.e. quarterly reports).
The question of how market researchers account for so-called Chinese white box devices -- often cheap, underpowered knockoffs -- has become a sore point for companies such as Apple that don't believe their high-end products are in the same market.
For an Apple-centric take on the issue, see Daniel Eran Dilger's The curious case of IDC, Gartner & Strategy Analytics' PC, phone & tablet data on Apple posted Saturday on AppleInsider.com.
Only Samsung's Galaxy S4 is outselling the iPhone 5C, and only at Verizon and T-Mobile.
FORTUNE -- "Our September surveys indicated very strong initial sales and back orders for the iPhone 5s and strong iPhone 5c sales at the four tier-1 U.S. carriers and also in international markets."
So wrote Canaccord Genuity's T. Michael Walkley in a note to clients Friday that included the first published chart of where Apple's (AAPL) new MOREPhilip Elmer-DeWitt - Oct 6, 2013 6:10 AM ET
This quarter, according to Canaccord Genuity, their positions may be reversed.
FORTUNE -- To simplify the chart at right -- drawn from data sent to clients Tuesday by Canaccord Genuity's T. Michael Walkley -- I've left out Nokia (NOK), Research in Motion (BBRY), Motorola (GOOG), Sony (SNE), LG and HTC.
That's because between them, Apple (AAPL) and Samsung shared virtually all the profits made selling mobile phones -- smart and not-so-smart -- over MOREPhilip Elmer-DeWitt - May 7, 2013 6:41 PM ET
Samsung had 29%, according to Canaccord Genuity. The rest got nothing.
FORTUNE -- Can you spot the problem with the pie chart at right? If you noticed that the two slices add up to more than 100%, you're on the right track.
Last quarter, Apple (AAPL) and Samsung so dominated the worldwide market for mobile phones (smart and dumb) that the rest of the manufacturers -- including Nokia (NOK), Motorola (GOOG), BlackBerry MOREPhilip Elmer-DeWitt - Feb 6, 2013 3:36 PM ET
From a 14.3% share of the global market in September to a 20.3% share in December
A note to clients issued Tuesday by Canaccord Genuity's T. Michael Walkley had good news and bad news for Apple (AAPL) investors.
The bad news, which we reported here, was that he expects sales of Amazon's (AMZN) Kindle Fire to cut sharply into the iPad's dominance of the worldwide market for tablet computers, reducing its unit MOREPhilip Elmer-DeWitt - Dec 7, 2011 8:03 AM ET
Estimates the iPad's share will drop from 74% to 53.2% by the time Christmas is over
The chart above is what Canaccord Genuity's T. Michael Walkley thinks the worldwide tablet market will look like this quarter after Amazon gets through disrupting it by selling a few million Kindle Fires at or below cost.
In a note to clients issued Tuesday, he estimated that ...
Apple's (AAPL) share of units sold will drop MOREPhilip Elmer-DeWitt - Dec 6, 2011 2:57 PM ET
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