Apple Captures the Majority of This Industry’s Profits

Apple (NASDAQ:AAPL) proves that quantity doesn’t necessarily mean quality as they earned 52% of the handset industry’s profits with just 4.2% of market share in the third quarter. Though these figures are astounding, many industry experts believe that Apple (NASDAQ:AAPL) will continue to increase their market share in the fourth quarter.

The Wall Street Journal quoted analyst T. Michael Walkley who said, “With Nokia (NYSE:NOK) in the midst of a challenging smartphone strategy transition and our checks indicating Research in Motion (NASDAQ:RIMM) and Motorola Mobility (NYSE:MMI) continue to struggle in North America given the increasingly competitive Google (NASDAQ:GOOG) Android smartphone market, we believe Apple will gain further value share in the December quarter and could capture over 60 percent of industry profits.”

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Walkley extends his high hopes for Apple (NASDAQ:AAPL) into the future by estimating iPhone sales at 29 million in the fourth quarter, 104.4 million for 2012, and a whopping 140.8 million in 2013. The iPhone 4S is currently the highest selling smartphone for Verizon (NYSE:VZ), AT&T (NYSE:T), and Sprint (NYSE:S).

  • Apple Inc. (NASDAQ:AAPL): The shares recently traded at $396.95, down $3.29, or 0.82%. Its market capitalization is $368.88 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 5,116,683 shares versus a 3-month average volume of 22,121,000 shares. The company’s trailing P/E is 14.34, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • Nokia Corporation (NYSE:NOK): The shares recently traded at $6.72, up $0.05, or 0.75%. Its market capitalization is $24.91 billion. They have traded in a 52-week range of $4.82 to $11.75. Volume today was 12,834,104 shares versus a 3-month average volume of 32,647,800 shares. The company’s trailing P/E is 27.08, while trailing earnings are $0.25 per share. The company pays a dividend of $0.48 per share for a dividend yield of 7.40%. About the company: Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks. Get the most recent company news and stock data here >>
  • Research In Motion Limited (NASDAQ:RIMM): The shares recently traded at $18.69, down $0.28, or 1.48%. Its market capitalization is $9.73 billion. They have traded in a 52-week range of $18.13 to $70.54. Volume today was 8,224,973 shares versus a 3-month average volume of 25,190,300 shares. The company’s trailing P/E is 3.41, while trailing earnings are $5.48 per share. About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications. Get the most recent company news and stock data here >>
  • Motorola, Inc. (NYSE:MMI): The shares recently traded at $39.00, up $0.03, or 0.08%. Its market capitalization is $11.68 billion. They have traded in a 52-week range of $20.77 to $39.10. Volume today was 1,321,433 shares versus a 3-month average volume of 8,715,020 shares. The company’s trailing earnings are $-0.30 per share. About the company: Motorola Mobility Holdings Inc. provides advanced mobile media solutions and multi-screen technologies. The Company develops products that include consumer mobile phones, business-ready smartphones accessories, cordless phones, and home networking products. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $593.87, down $2.27, or 0.38%. Its market capitalization is $192.35 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 932,341 shares versus a 3-month average volume of 3,672,410 shares. The company’s trailing P/E is 20.24, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>

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