FORTUNE — Can you spot the problem with the pie chart at right? If you noticed that the two slices add up to more than 100%, you’re on the right track.
Last quarter, Apple (AAPL) and Samsung so dominated the worldwide market for mobile phones (smart and dumb) that the rest of the manufacturers — including Nokia (NOK), Motorola (GOOG), BlackBerry (BBRY), Sony (SNE), LG and HTC — either broke even or lost money.
That’s just one of the notable findings in a report issued Tuesday by Canaccord Genuity’s T. Michael Walkley. A few other highlights:
- Apple took home 72% of the profits with only 21.7% of unit sales (up from 15.4% in Q3).
- Samsung’s 29% of the profits came from 28.9% of unit sales (down from 32.3% in Q3).
- 43 cents of every dollar spent in the world on a cellphone in Q4 ended up in Apple’s coffers.
- Samsung got 36 cents. Nokia got 7 cents. All the rest got less than 5.
- For 2013, Walkley predicts that Apple and Samsung will split 103% of the profits, 69/34.