Apple beats Nokia for world’s most profitable handset-maker

According to this report, Apple who has a small overall share of handset sales has overtaken Nokia and was the world’s most profitable handset vendor in the third quarter of 2009.

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.

Date November 11th, 2009
Filed under Outware

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