APPLE NEWS – Apple Overtakes Nokia As Most Profitable Handset Maker

iphoneApple has overtaken Nokia as the world’s most profitable handset vendor according to Strategy Analytics via iClarified.

TelephonyOnline reports that Nokia can still claim the largest global market share but Apple has overtaken in profits due to Nokia’s stagnant presence in the U.S. and the economic downturn.

Analyst Alex Spektor in the research note.

Strategoy Analytics estimates that Apple’s iPhone operating profit came in at $1.6 billion in Q3, while Nokia recorded only $1.1 billion in operating profit. 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,said

via iClarified – Apple News – Apple Overtakes Nokia As Most Profitable Handset Maker.

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