Apple Overtakes Nokia As The Most Profitable US Cell Phone Maker

Apple has no doubt, become the king of iPhones. Although there are many other phones having similar functionality of the multitouch smartphone, such as the Palm Pre and the Motorola Droid, but Apple has unstoppably ruled over all of them up until now.

A recent statement from an analyst firm, Strategy Analytics has authorized this, saying that Apple is now the single most profitable phone maker in the United States.

Although Apple’s iPhone series only encompasses a 2.5 percent market share, and there are just two iPhone models in the market currently, it is estimated that Apple has generated a profit of $1.6 billion through its smartphone division.

The other big giant in the mobile market, Nokia, on the other hand only generated $1.1 billion profit in the same period, even though it has a much larger market share, which is nearly 40%.

The main reason behind this large difference in profits is that nokia still has to release a smart phone, strong enough to take over the iPhone. Nokia has mainly emphasized on low to mid-range regular mobile phones, with none of the advanced functionality of Apple’s iPhone. Although nokia sells a lot of these, but a lot of profit cannot be earned from them.

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