“Canaccord Genuity initiated coverage of Apple (AAPL) Tuesday with a “buy” rating and a price target of $356 per share,” Phillip Elmer-Dewitt reports for Fortune.
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In a note to clients, T. Michael Walkley, their new Apple specialist, reveals that “Apple sold 17 million mobile handsets in the first half of 2010, compared with 400 million handsets sold by Nokia, Samsung and LG,” P.E.D. reports. “Yet it pulled in 39% of the industry’s profit during that period, more than the 32% earned by the world’s three largest handset makers combined.”
Full article, with nice pie chart illustrating the bloodbath, here.
MacDailyNews Take: Bain de sang.