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.

chart of the day, operating profit, mobile companies, july  2011

Check out more cool stories at Business Insider >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>