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Technology Stocks : Apple Inc.

AAPL 273.85

+0.6%

9:30 AM EST

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From: Moonray	10/29/2012 2:19:10 PM
	of 213177

Apple, Samsung Grab All Smartphone Profit In Q3 By PATRICK SEITZ, INVESTOR'S BUSINESS DAILY - Posted 01:12 PM ET To the victors go the spoils. In the smartphone market, Apple ( AAPL) and Samsung continue to split all of the profit, leaving other vendors with zilch. Apple took 59% of the worldwide operating profit in the sector in the third quarter, while Samsung accounted for 47%, Canaccord Genuity analyst Michael Walkley said in a research note Monday. Together they accounted for 106% of all smartphone profit in Q3 — more than 100%, so to speak, when you look at the profit pool — because Google's ( GOOG) Motorola Mobility unit, Nokia ( NOK) and Research In Motion ( RIMM) lost money last quarter. In the second quarter, Apple and Samsung combined to grab 108% of smartphone industry profits. Read More At IBD: news.investors.com o~~~ O

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