Strategy Analytics: Apple passes Nokia to become world’s most profitable handset vendor

37 Comments

Apple Online Store Apple became the world’s most profitable handset vendor in Q3 2009, according to Strategy Analytics.

Fueled by strong volumes, high wholesale prices and tight cost controls, the PC vendor has successfully broken into the mobile phone market in just two years.

Sarah Reedy reports for Telephony Online, “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.”

Full article here.

MacDailyNews Take: Bloodbath.

[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]

Reader Feedback (You DO NOT need to log in to comment. If not logged in, just provide any name you choose and an email address after typing your comment below)

This site uses Akismet to reduce spam. Learn how your comment data is processed.