Apple raking in the mobile profits
While taking a look at the Fortune Magazine online tech blog, I saw some comments by Canaccord Genuity about Apple profits in the mobile market. They are a head-turner.
Apple mobile profits are stunning, and they're even better when compared to the rest of the industry. The really interesting item is that Nokia, Samsung, and LG combined sold about 400 million handsets worldwide for the first six months of the year, and those three firms together garnered 32% of the profits in that sector.
Meanwhile, Apple sold 17 million mobile devices over the same period and snagged 39% of industry profits. Wow! Steve and friends must be doing something right. It's especially notable because Apple wasn't even in the cellphone business until 2007. Sure, Android is coming up fast and may pass Apple in smartphone sales, but in terms of profit, Apple has everyone else on the run.
