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Dominant: Apple takes 90% of smartphone profits

A customer counts cash to pay for two iPhone 6 smartphones during the sales launch at an Apple store in New York.
Kevin Winter | Getty Images

Just how much is Apple dominating the smartphone market?

Try this statistic on for size: The tech giant is capturing more than 90 percent of the profits of the whole industry, increasing profit margins as users switch and upgrade to the iPhone 6, forcing Samsung, LG and others to cut prices to compete, according to a Wall Street analyst report out Monday.