Apple Inc.’s iPhone Yields Major Profits Against Mobile Competitors
Apple (NASDAQ:AAPL) is now the leading phone manufacturer by market share. It passed Nokia (NYSE:NOK) for the first time last quarter.
But more impressive: it captured two-thirds of all profits in the mobile phone business last quarter, according to statistics from Asymco.
Another way of looking at it: Apple made about twice as much profit on mobile phones as Samsung, RIM (NASDAQ:RIMM), and HTC (NYSE:S) did — combined. Nokia (NYSE:NOK), Motorola (NYSE:MSI)(NYSE:MMI), Sony-Ericsson (NASDAQ:ERIC), and LG all saw losses.
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