The confluence of these trends will strike hard at the industry's bottom line. Apple and Samsung enjoy more than 100 percent of industry profits, and these profits represent a significant portion of their respective corporate earnings. Samsung has already announced that its latest-quarter results declined both over the previous quarter and over the prior year. It is estimated that smartphone profits account for more than half of Samsung's earnings. Because of intensifying competition, others might win market share, but expect more and more of the profit pool to be competed away.