Apple was the only smartphone maker that made real profit last quarter

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Apple is making hella bank, as the kids say.
Photo: Jim Merithew/Cult of Mac

The iPhone’s market share is down around the world, but you know what’s up? Its profitability related to other smartphones.

In fact, according to a new report from BMO Capital Markets analyst Tim Long, Apple accounted for 103.6 percent of all smartphone industry operating profits in the third quarter of 2016.

Apple schedules Q3 2016 earnings call for July 26

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Apple's next earnings call is less than a month away.
Photo: Ste Smith/Cult of Mac

Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.

Microsoft more profitable than Apple at $1 trillion milestone

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Lumia's failure hasn't hit Microsoft too hard... yet.
Photo: Microsoft

Apple may have quaffed all the champagne at the $1 trillion in revenue party before Microsoft even got its invite, but the Windows maker rocked up in a bigger limo.

Last quarter, Microsoft finally reached the major milestone that Apple celebrated back in 2015, and it currently boasts even more profit.

T-Mobile sprints into U.S. top 3 carrier spot

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Sprint added new customers, but not enough to keep its bronze model from T-Mobile.
Photo: Mike Mozart/Flickr CC

T-Mobile is doing pretty hot lately, but it’s unfortunately at Sprint’s expense. While the latter carrier has been declining in market share for the past couple of years, it’s finally now in last place out of the four major U.S. wireless carriers. T-Mobile snatched the bronze model.

In the quarterly earnings call, Sprint said it had 57.7 million customers with a net gain of 675,000. T-Mobile, however, gained 2.1 million customers last quarter for a grand total of 58.9 million.

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TVs Keep Foxconn Revenue Up As Apple Orders Fall

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Despite “weaker” orders from Apple during the second quarter, Foxconn managed to post revenue that beat analyst estimates thanks to its increased focus on televisions. The company announced revenue of NT$897 billion ($30 million) over the three-month period, which is 0.6% higher than its second-quarter revenue for 2012, and better than the NT$829 billion expected by analysts.