Apple Passed Nokia as the Most Profitable SmartPhone Vender
According to Strategy Analytics report Apple has overtaken Nokia in smartphone profit margin in the third financial quarter of the year. Apple earned $1.6 billion through the launch of its recent iPhone model whereas Nokia’s operating profit is $1.1 billion.
Although Nokia is still the largest mobile phone company with the highest global mobile phone market share but Apple is now a step further in its profit earning by iPhone which is just launched 2 years before.