RIM and Apple Get 35% of Profits despite only Holding 3% of the Cell Phone Market

Author: Chris

20 Jul

After we’ve seen Nokia’s and Sony Ericsson’s Q2 reports, it’s clear that the mobile business wasn’t spared by the financial crisis. And while Sony Ericsson isn’t doing well at all, Nokia managed to keep its market share and get some profits. But the true winners seem to be RIM and Apple which hold just about 3% of the worldwide market. But they don’t seem to care since they managed to bring in 35% of the operating profits. That’s really impressive considering that the two companies are relatively new in the game. RIM and Apple have together surpassed Samsung and LG which hold about 30% of the market but managed to pull in just 20% of the profits.

What’s your next phone going to be?

via WSJ

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Tags: Apple, Apple, LG, LG, Market share, Mobile News, Motorola, Nokia, profits, Research In Motion, RIM, Samsung, Samsung, Sony Ericsson

Filed under: Apple, LG, Mobile News, Motorola, Research In Motion, Samsung

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3 Responses for "RIM and Apple Get 35% of Profits despite only Holding 3% of the Cell Phone Market"

Palm Pre Commercials Creator Defends His Work - Specs, reviews and prices. August 4th, 2009 at 11:59 am 1
[...] them a lot more too. AT&T and Apple has sold over 5 million iPhones in the last quarter while RIM is selling lots of BlackBerry phones too. How many Pre units has Palm and Sprint sold so far? Did [...]
BlackBerry 9700 Leaks Out? - Specs, reviews and prices. August 9th, 2009 at 9:13 pm 2
[...] have no idea when this BlackBerry is coming out or what codename will RIM give it but we have some specs that have gotten leaked already. So here’s what you’re future [...]
RIM to Develop WebKit Mobile Internet Browser? - Specs, reviews and prices. November 1st, 2009 at 10:24 pm 3
[...] is considering developing a totally new mobile browser. It’s actually not a secret anymore as RIM did purchase Torch Mobile a while ago, which happens to be the company that created the [...]