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  • Apple Pulls Ahead of Nokia as Most Profitable Phone Maker

    Apple, Inc. overtook Nokia in the September quarter as the cellphone maker generating the highest total operating profit in the industry, according to a report by research firm Strategy Analytics.

    The Finnish handset maker is still the world's largest by volume. Apple sold 7.4 million iPhones during the July-September quarter, generating sales of $4.5 billion. Nokia sold 108.5 million phones in total in the same quarter, with sales of €6.9 billion ($10.36 billion). When measured by profits, however, Nokia lost in the third quarter against Apple. While Apple does not release profits for its specific product lines, Strategy Analytics estimated Apple's profit on the iPhone at $1.6 billion in the third quarter, compared with Nokia's $1.1 billion. Analyst Alex Spector said:
    Originally Posted by :
    With strong volumes, high wholesale prices and tight cost controls, the PC vendor has successfully broken into the mobile phone market in just two years.
    Nokia sued Apple in October for patent infringement, accusing Apple of “attempting to get a free ride” off Nokia’s research on GSM, 3G and WiFi technologies. Apple said it will “vigorously defend” against the lawsuit. However, Piper Jaffray analyst Gene Munster said that Apple could end up paying $6 to $12 of royalties per iPhone.
    This article was originally published in forum thread: Apple Pulls Ahead of Nokia as Most Profitable Phone Maker started by Paul Daniel Ash View original post
    Comments 17 Comments
    1. mikerlx's Avatar
      mikerlx -
      All about the money well I guess iphone stands victorious
    1. FiLLYBoii's Avatar
      FiLLYBoii -
      thats amazing!
    1. Kamil18's Avatar
      Kamil18 -
      w00t!!! THATS COOL! I'm so happy that when i bought my iPod, i also got a couple of stocks!!

      .....ohh, wait, i didn't

      Why am i supposed to be happy again?
    1. pakijawan's Avatar
      pakijawan -
      i was going to sell my iphone to get that phone,but then i was like nahh
    1. NArush's Avatar
      NArush -
      That new N900 is something else though..
    1. Fallguy's Avatar
      Fallguy -
      What about the Blackberry ? I thought they were tops at one time .
    1. bbillh77's Avatar
      bbillh77 -
      imagine how much they would have made if they allowed jb'ed phones
    1. akamandito's Avatar
      akamandito -
      A friend of mine brought nokia N900 and i play it around for a while and i think its amazing so much better than N800. I just got droid last saturday and i really like it but no root for droid 2.0 yet so i still love iPhone with jailbroke still on the top.
    1. psychodave's Avatar
      psychodave -
      HA HA and they say iPhone is just a fad!
    1. mortopher's Avatar
      mortopher -
      If only Nokia tried to actually market their top tier phones here in the states. Combine that with making them at least mildly affordable and they'd destroy. People are amazed anytime I bring up that phone and so far only one person I've mentioned it to had prior knowledge of it. I just don't understand Nokia.
    1. ziggie216's Avatar
      ziggie216 -
      Are these figure for global sales or just US?
    1. rwin84's Avatar
      rwin84 -
      Quote Originally Posted by ziggie216 View Post
      Are these figure for global sales or just US?
      Those are profits for Apple as a company. That means all iphones.
    1. bengo's Avatar
      bengo -
      I find the fact Nokia sold 101 MILLION more phones than Apple astounding.
    1. iN2K's Avatar
      iN2K -
      Quote Originally Posted by bengo View Post
      I find the fact Nokia sold 101 MILLION more phones than Apple astounding.
      That's because Nokia makes more then one phone.
    1. bengo's Avatar
      bengo -
      Quote Originally Posted by iN2K View Post
      That's because Nokia makes more then one phone.

      That's a given. They make a phone for everybody.
    1. rhekt's Avatar
      rhekt -
      oh of course apple did.
    1. nighthawk283's Avatar
      nighthawk283 -
      Thats quite shocking news to read