We all know Samsung and Apple pretty much dominate the smartphone industry, but just how much have they been dominating it in the last year or so? Quite well, it seems. Apple and Samsung secure 99-percent of the profits, according to Asymco's Horace Dediu and his recently released data.

Out of this 99-percent, Apple take 73-percent, with Samsung taking 26-percent in Q1 2012. Comparing the previous quarter, Q4 2011, Apple were enjoying a nice 75-percent, with Samsung having 16-percent. This means that Samsung has pretty much absorbed the rest of the market share from the other mobile phone vendors such as HTC, Research in Motion, LG, Sony Ericsson, Motorola and Nokia.

What's more surprising is the 1-percent that is left. HTC managed to scoop that up, leaving the other vendors RIM, LG, SE, Motorola and Nokia failing to make a profit on their handset businesses. Surprising to say the least, and quite shocking. I wonder what 2012 has in store for the eight vendors.