Apple More Profitable Than Nokia in handset business
Apple has been setting records everywhere it goes and the cellphone industry is not an exception. Apple has enjoyed tremendous success with the launch of the Apple iPhone.
Now according to sources, Apple also seems to be making more profit by selling it’s iPhone than the profit made by the cellphone giant-Nokia. Apple surpassed Nokia or the first time in the 3rd quarter of 2009 to become the most profitable handset maker.
Apple made a profit of 1.6 Billion US$ while Nokia managed to get only 1.1 Billion US$. This fact is believable considering the huge iPhone sales and recent decline of Nokia’s handset sales. Nokia’s global marketshare too fell down from 41% to 35%.
Apple’s position as a cellphone maker is now stronger than ever. Nokia is also looking to regain it’s position with the launch of the Nokia N900 which is also one of the most expected handsets of 2009.