An Apple a Day

photo credit: Iphone 4 via photopin (license)

photo credit: Iphone 4 via photopin (license)

 

The big headline “APPLE GRABS 93% of the Handset Industry’s Profit” was somewhat of a surprise. You would expect them to get the majority of the profits, but 93% is, again, staggering.

Last quarter (Q42014), Apple brought in $18 billion in earnings, so we knew they would have the lion’s share, but what happened to Samsung? It looks like the race for smartphone dominance is all but won.

We continue to own Apple and are excited to see what comes next. The buzz is Tim Cook wants to give Elon Musk a run for his money.