20 Jul 09 RIM and Apple Get 35% of Profits despite only Holding 3% of the Cell Phone Market
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
Popularity: 1% [?]
Tags: Apple, LG, Market share, Nokia, profits, RIM, Samsung, Sony Ericsson
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