Telephony Online is reporting on data from Strategy Analytics, a research firm, which claims Apple is the most profitable cellphone manufacturer in Q3 of 2009. Apple reportedly brought in $1.6Billion in profit over Nokia’s $1.1 Billion profit in the same quarter.
The firm 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 analyst Alex Spektor in the research note.
Just earlier this year, data from 2008 claimed that Apple had 20% of the cellphone market’s total profit, even though Apple only holds 1% of unit market share. Nokia had 55% of the industry profit in 2008.
Even more recently, a different survey claimed Apple, in the first half of 2009, held 32% of the industry’s profits which was around $2 billion in operating profit. Nokia had $1.9 billion in profit at the time.
Needless to say, this is incredible growth in a a very short amount of time.
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