ABI: Apple, Samsung capture 50% of smartphone market, 90% of profits

Smartphone shipments rose over 40 per cent year-over-year to 144.6 million as of the quarter ending March 2012, according to new research published by ABI. Of note, Samsung and Apple captured 55 per cent of global smartphone shipments in the first quarter of 2012 and over 90 per cent of the market's profits. ABI said that only Samsung and Sony experienced sequential growth in shipments over the fourth quarter of 2011, while Nokia experienced a 40 per cent sequential decline in shipments. "At this point in the year, Nokia will have to grow its Windows Phone business 5,000 per cent in 2012 just to offset its declines in Symbian shipments," said Michael Morgan, ABI's analyst for devices, applications and content. Article