In the global mobile phone market, “units are up 7% with smartphones up 47%. Revenues are up 20% and overall profits are up 52%. This are exceptionally strong numbers. Few industries can measure growth in double digits,” Horace Dediu reports for Asymco. “So if the industry is booming but the majority of participants in the industry are loss making (and surprisingly so) then what is going on? There are two answers: new market disruption and low end disruption.”

“The new market disruption is the migration of a large number of demanding customers away from phones-as-voice-products to phones-as-computing-products,” Dediu reports. “The low-end disruption is the migration of a large number of less demanding customers from branded phones to unbranded, commodity phones.”

Dediu reports, “Here is the profit picture: Of the vendors tracked (public companies who report mobile phone divisional performance), Apple obtained 73% of operating profits, Samsung 26% and HTC 1%.”

Much more, including the usual excellent graphs, in the full article here.

MacDailyNews Take: Boom!

We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.Former Palm CEO Ed Colligan, November 16, 2006

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