Wednesday, September 22, 2010
Posted by Jeff Campbell in "Apple News" @ 11:22 AM
"Apple sold a tiny percentage of mobile handsets during the first half of 2010, but the company managed to rake in the lion's share of the industry's profits, according to Canaccord Genuity analyst T. Michael Walkley. In a research note obtained by The Mac Observer initiating coverage of Apple, Mr. Walkley said that Apple sold 2.8% of all mobile handsets, but claimed 39% of manufacturing profits."
I guess it isn't too surprising, given that Apple doesn't get into the "buy one, get one free" that has flooded the market with Android as well as other types of phones. One interesting note about this is that Apple sold 17 million handsets during this period, while Nokia, Samsung and LG combined sold over 400 million units. All those units sold versus the relatively low number that Apple sold in comparison, and they only earned 32% of the profits. Quite a shocker when you put it that way. While this isn't so good for consumers that want an iPhone, it certainly is great for anyone that is a stockholder of Apple. That and the fact that Apple had another record day yesterday, high of $283.77 USD, up $0.54 USD.UPDATE: And today another record, up $3.98 USD to $287.75 USD via MacDaily News.