Apple Thoughts: Apple and RIM Rake in the Profits

"The Wall Steet Journal (paywall) notes that Apple and RIM are making disporportionately high profits on their smartphones while the rest of the industry is in a race to the bottom (sound like NetBook vs. Laptop market?)."

So Apple and Rim sell only about 3% of the cellphones in the world but snagged 35% of the operating profits total. That isn't too shabby, and it's only going to get better according to the article. Deutsche Bank analyst Modoff expects the two companies to move that market share up to about 5% and rake in 58% of the total operating profits. What stands out even more is that Apple is doing it with basically one phone.