“Following a look into the holiday quarter for large cap tech companies, Canaccord Genuity technology analyst Michael Walkley noted that strong holiday sales lead to a record smartphone quarter for Apple (AAPL),” Forbes reports.

“Mr. Walkley estimated that 2012 holiday quarter sales of Apple iPhones were 38.1 million, a 31% jump from 2012 Q3 sales of 26.2 million,” Forbes reports. “Mr. Walkley estimates that during the first three quarters of 2011, Apple earned approximately 54% of all smartphone industry operating profits.”

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