Samsung’s ‘galaxy” line has been long joked about to be a hint at their intention to take over the universe, but the latest analytics numbers may prove that to be startlingly accurate. Not in a literal sense, of course, but rather in a financial way.
According to research from Strategy Analytics, Samsung raked in a full ninety-five percent of the total profits made on global Android devices in the first quarter of this year. According to the study, total profits made from Android in Q1 were an estimated $5.3 billion. How much did Samsung take in out of that amount? According to the report:
We estimate Samsung’s Android smartphone shipments generated US$5.1 billion of operating profit worldwide in Q1 2013. Samsung captured a huge 95 percent share of all Android smartphone industry profits. An efficient supply chain, sleek products and crisp marketing have been among the main drivers of Samsung’s impressive profitability. LG followed in second place and took 3 percent global profit share.
The report goes on to say that, while LG did see a small profit, the company simply does not have the massive “volume scale needed to match Samsung’s outsized profits”. Neil Mawston, Director of Strategy Analytics, believes that Samsung is now making more money off of Android than Google. Let that sink in for a moment.