Apple Takes Half; Nokia Relegated Apple earns more than half of all industry profits among mobile handset OEMs according to a monthly analysis of the market by Canaccord Genuity technology analyst Michael Walkley. “Apple generated a remarkable 52% of handset industry operating profits among the top 8 OEMs.” This represents a 5% increase over the third quarter of 2010, when Apple’s share of industry operating profits was 47%.
In an epic reversal of fortunes, Mr. Walkley pointed out that in 2007, Nokia had 67% of operating profits while Apple had just 4%. Today, while Apple has 52% of industry profits, Nokia has been relegated its rival’s former position with just 4% of operating profits.
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