Android smartphones generated profits of about $5bn in the first quarter of 2013 with Samsung capturing 95% of the profits, according to a new report from Strategy Analytics.
According to the study, Samsung dominated the Android smartphone market with the help efficient supply chain, sleek products and crisp marketing, followed by LG with 2.5% share in the profits.
Strategy Analytics senior analyst Neil Shah said that global Android smartphone industry estimated to have generated total operating profits of $5.3bn during Q1 2013.
"The Android platform accounted for 43 percent share of the entire smartphone industry’s operating profits, which reached US$12.5 billion worldwide in the first quarter of this year," Shah added.
Strategy Analytics executive director Neil Mawston said that, for now, Samsung is the undisputed king of the global Android smartphone industry.
"We believe Samsung generates more revenue and profit from the Android platform than Google does," Mawston added.
"Samsung has strong market power and it may use this position to influence the future direction of the Android ecosystem."
