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

Everyone knows Nokia for being the biggest phone manufacturer with the largest market share on the globe. However, in the third quarter of 2009 Apple has overtaken it as the world’s most profitable handset vendor. Strategy Analytics estimates a profit of $1.6 billion in Q3 while Nokia  recorded only $1.1 billion in operating profit. Although Apple have just three phones in their portfolio they pass the Finnish handset-maker.

“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.

Nevertheless Nokia do not to be afraid. Still they hold 37.9% market share and ship 16.4 million handsets in the third quarter. Strategy Analytics said that 2010 will be an important year as Nokia tries focusing on the U.S., Apple’s high-profit home turf. Obviously this will be a tough challenge bearing in mind Android as a third  participant in the race.

Source: Telephonyonline

Related posts:

1. Nokia’s Symbian Still Beats Apple iOS in Smartphone Sales
2. Nokia Q3 2009 Results | N-Series sales still dropping
3. Nokia OPK: “Symbian and MeeGo have different sweet spots”
4. Nokia again ranked world’s 5th most valuable brand!
5. Worldwide Mobile Phone Sales to End Users Grew 8 Per Cent in Fourth Quarter 2009; Market Remained Flat in 2009