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Apple, Samsung earn all smartphone profits, and more

Gregory Rocco, of Brooklyn, New York, looks at an iPhone 5C on display at the Fifth Avenue Apple store on September 20, 2013 in New York CityApple and Samsung are grabbing virtually all the profits in the red-hot smartphone market while most other makers are losing money, an analyst said Thursday. "We estimate Apple and Samsung combined to capture a remarkable 109 percent of third quarter handset industry profits," said Canaccord Genuity analyst Mike Walkley in a research note.