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November 14, 2013 AT 7:27 AM
Today’s news that Apple and Samsung dominate all smartphone profitability, excluding that earned by Chinese companies, isn’t exactly unexpected. Apple took 56 percent of the operating profits for feature phones and smartphones in the third quarter of calendar 2013. But while the two giants of the smartphone continue to dominate, the knock-on effect is that the majority of leading consumer electronics companies are now struggling. This includes well known names such as Harman, Sharp, Pioneer, and JVC.