Tuesday, May 17, 2011
Apple Dominates Global Phone Profits
According to a new market study from Asymco, Apple generated only 5-percent of global phone sales in Q1 of this year, but 20-percent of total revenues and a staggering 55-percent of total profits.
In other words, despite shipping fewer devices worldwide, Apple is making a killing on iPhone sales.
The report notes that three years ago Nokia held the dominant profit share, roughly 47-percent valued at $2.35 billion, but Apple's current share is estimated to be twice as much, roughly $5.23 billion.
As for other big names, specifically HTC, Samsung, and RIM, Asymco says that their profit shares over the last few years have remained largely the same.