iPhone — 20% Profit Share of Mobile Industry?
The Wall Street Journal (via MacRumors) published a report stating that while Apple’s iPhone, and RIM’s BlackBerry make up only 3% of mobile phone sales last year, the gobbled up a huge 35% take of the profits. iPhone specifically was pegged at 1% of sales and 20% of profit. Boom! indeed.
Says Deutsche Bank analyst Brian Modoff:
The disparity will become even starker this year when the two will take 5% of the market in unit terms but 58% of total operating profits.
While feature phone maker Nokia can compete due to vast economies of scale, their profits have been declining, as have Sony Ericsson. Palm’s Pre is seen as something of a wildcard, depending on developer support and distribution reach.
For their part, Apple is set to announce Q3 results tomorrow, July 21, at 5pm ET. TiPb will provide our usual coverage of the conference call, especially as results pertain to the iPhone.
July 20th, 2009 at 12:09 pm
Well, they have to keep profits high in order to make back all that money they spent on developing Copy and Paste and MMS. . .
__Calm down guys, It’s just a joke…
July 20th, 2009 at 12:53 pm
LMAO!
July 20th, 2009 at 3:31 pm
That’s fairly impressive.
July 20th, 2009 at 4:35 pm
Actually they need the profits to hire the top comedy writers to come up with new “app rejection” reasons!
July 21st, 2009 at 7:13 am
I’m surprised nobody has been crying like a baby about Palm not showing up in this is this study.
July 21st, 2009 at 7:58 am
@don
lol lol lol omg lol lol lol. That’s the truth lol