Andre Yoskowitz
5 Nov 2011 16:31
Despite Samsung's rise to top smartphone seller (by volume), Apple remains far and away the most profitable phone maker.
In the last quarter, Samsung took advantage of consumer's wait for the iPhone 4S and rose to the top volume seller of smartphones.
According to figures from Canaccord Genuity, Apple was the most profitable, collecting a whopping 52 percent of the industry's operating profits during the quarter.
Making that figure more impressive was the fact that Apple controls under a 5 percent market share in the global handheld market.
In order to be so profitable, Apple made "35 cents for every dollar of handheld sales," a number that was 110 percent higher than any competitor.
On the other end, Nokia continued its quickly accelerating death spiral while collecting just 4 percent of the industry's total operating profits with a much larger market share.