True, raking in 106 percent of the industry’s dough may sound a bit odd, but it turns out the competition’s operating losses are to blame for this figure.

Canaccord Genuity reports that Samsung’s advances in regards to Android and overall smartphone market, coupled with Apple’s reign over the high end segment, made it hard for the competition to cope. Indeed, RIM, Nokia, Motorola and Sony have posted operating losses, making it seem as if Apple and Samsung were running for president in Russia.

Apparently, this is the second quarter in a row that the two have exceeded 100 percent of industry profits. Canaccord Genuity says that Q2 2012 saw Apple and Samsung rake in 108 percent, so we may even have to get used to these figures.

On their own, Apple generated 59 percent of industry’s operating profits in Q3 2012, while Samsung made 47 percent. It is said that Samsung notched a 10 percent higher profit than in Q2, and is expected to maintain its leading market share position in Q4 and beyond.  

More here.