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iPhone Has 4% of Mobile Market—But 52% of Profit

And it's got room to grow

By Kevin Spak,  Newser Staff

Posted Nov 7, 2011 9:12 AM CST

(Newser) – Apple is officially making ridiculous money on the iPhone. How ridiculous? Well, the phone now generated a whopping 52% of all mobile phone profits worldwide last quarter—despite controlling just 4.2% of that market, according to a new report from the Canaccord Genuity research firm. And amazingly, the analyst behind the report expects Apple's numbers to improve. Given issues at competitors like Nokia and RIM and the competition between Android phones, he expects Apple to capture 60% of industry profits in the coming quarter, the Daily Mail reports.

An Apple Store customer looks at the new Apple iPhone 4Gs on October 14, 2011 in San Francisco.
An Apple Store customer looks at the new Apple iPhone 4Gs on October 14, 2011 in San Francisco.   (Getty Images)
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COMMENTS
Showing 2 of 3 comments
wildmn
Nov 7, 2011 11:44 AM CST
That is because Apple takes products/features that already exist, slightly tweak them, then claim to be revolutionary and their fan base buys them.  Then, they slightly tweak the existing product a year later and those same people MUST have the newest version.
liebendorfer
Nov 7, 2011 9:28 AM CST
Another Spak brief, another abuse of the word "whopping."

 
iPhone • Apple • smartphones • market share

 
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