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Apple the most profitable handset vendor?
Telecommunications
Apple the most profitable handset vendor? | Apple the most profitable handset vendor? |
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| by Stuart Corner | |
| Thursday, 12 November 2009 | |
Market research firm Strategy Analytics estimates Apple's Q3 2009 iPhone profits at $US1.6 billion putting it ahead of long time global leader Nokia for the first time.Featured Whitepaper
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Neil Mawston, director of the wireless device strategies service at Strategy Analytics, added, "Nokia's profit margin for its handset division has been shrinking during the 2009 global economic downturn. Strategy Analytics believes that the United States, where Nokia now trails Apple in market share, is the key to Nokia's recovery in 2010. A successful fight on Apple's high-profit home turf can simultaneously help to revitalise Nokia's margins and to put a check on Apple's surging growth."
This article first appeared in ExchangeDaily, iTWire's daily newsletter for telecommunications professionals. Register here for your free trial.
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