Originally Posted by ddawson100
All the negative numbers together don't add up to 19% so the explanation of 119% is still confusing. It seems to me the table says one thing then the author of the article says another. I don't have any reason to believe the table was manipulated but I'm also having trouble understanding how the author misread the numbers.
ps. It's entirely possible that I'm misreading the table but the article certainly doesn't help me understand how to arrive at 87.4%.
The table shown is from a different source, the analysis in the article text is from Tavis McCourt:
"McCourt's analysis is even more favorable to Apple than figures by Canaccord Genuity (above)"
The 87.4% is from McCourt for the latest financial quarter. The table of data is from Canaccord for previous quarters - the dates in the table are for last year. The article for that old data is here:
That was with Apple at 56% of the profit, Samsung at 53%.
Every time these articles get posted, they do the same thing with adding the profits and include losses too. I don't think it's the right way to do it because losses are financed with profit from a different financial quarter. If an analysis is isolating profit to a given financial quarter, any loss is equal to zero profit but for some people it may be worthwhile to know that Apple is taking away profits that competitors have gained in other financial periods.
The numbers counting losses as zero gives Apple 73% and Samsung 27%. They both reported their income for the latest quarter:
Apple's Q1 2014 is roughly the same as Samsung's Q4 2013. Apple's accounting periods are a bit weird, having a 2014 accounting period end in December 2013:
"Apple today announced financial results for its fiscal 2014 first quarter ended December 28, 2013"
Apple net income was $13.1b
Samsung operating income was $7.7b
The analysts try to break down those numbers into the mobile segment alone but it's clear to see Apple is way ahead. This could be put down to Apple releasing the iPhone 5S later in the year while the Galaxy S4 came earlier. The Galaxy S5 is due in a couple of weeks:
The iPhone 6 likely won't arrive until September. So Samsung's Q1 2014 should be their strongest (=Apple's Q2) and Apple's Q1 2015 should be their strongest.