Apple owns 8.8% of cell phone market, 73% of cell phone profits

By on May 3, 2012 at 4:35 PM.

Apple owns 8.8% of cell phone market, 73% of cell phone profits

Apple owns cell phone profits

After posting the most profitable quarter in technology company history to close 2011 — and the second most profitable quarter among all companies, ever — Apple came back again in the first calendar quarter of 2012 and managed another monster quarter. The Cupertino, California-based technology giant earned $11.6 billion on $39.2 billion in sales during the second fiscal quarter of 2012, and its iPhone was responsible for an estimated 80% of all smartphone profits during the quarter. According to Apple watcher Horace Dediu, Apple’s share of all cell phone profits was nearly as overwhelming. More →

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