Apple/RIM Account For 35% Of Global Cell Phone Profits
by Jason Wilk on July 20, 2009
- Although combined, Apple [AAPL] and Research In Motion [RIMM] only represent 3% of cell phones worldwide, the two are dominating global cell phone market. According to a recent report by Deutsche Bank analyst Brian Modoff (via WSJ), Apple and RIM account for 35% of global cell phone market profits (It is being said Apple represents 20%). Wow. Nokia, who sold 46% of cell phones last year, earned 55% of the industry’s profits. As that balance of power continues to shift, Nokia’s stronghold on the industry will continue to loosen, as the Finnish handset maker struggles to compete in the high-margin smartphone business (no cares about the N97)
