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Apple tops Nokia in cell phone profits

Updated Dec 19th, 2018 6:28PM EST

Perhaps it would be better to rename it the iPhone 3G$? Do you see what we did just there? Today, Reuters is reporting Apple overtook Nokia as the handset company with the highest total operating profit in the September quarter; the last time Nokia did not hold this title was Q3 of 2007. What does this mean? The iPhone generates a lot of revenue for the Cupertino computer maker. Apple sold 7.4 million iPhones in the July to September quarter to generate sales of $4.5 billion, Nokia on the other hand sold 108.5 million handsets and generated sales of $10.36 billion. Apple nudged out Nokia in revenue mainly due to other financial obligations and the economic downturn. You don’t need an abacus to figure out the iPhone is a huge part of Apple’s earnings. No panic out of the Nokia camp however, with the release of the N900 they’re confident in their ability to take back the top spot on the podium. One thing is for certain, we’ll be purchasing several of these Linux powered, A8 processor havin’, numbers. How about you?