Apple takes 77 percent of mobile phone market profits

Posted on Wednesday, August 08 2012 @ 22:12 CEST by Thomas De Maesschalck

Raymond James Equity Research found that in Q2 2012 Apple shipped just 6 percent of the smartphone and tablet market, yet took in 43 percent of the total industry revenue and an enormous 77 percent of the industry's operating profits!

Everyone knows the iPhone and iPad are top of the range mobile gadgets and that Apple don’t design things for a price but for a function. However new research brings into question how inflated these prices are. New figures from analysts at Raymond James Equity Research shows that Apple are indeed raking it in and making a lot more money on each product sold than any other competitor.

Source: Hexus

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Use Disqus to post new comments, the old comments are listed below.

Re: Apple takes 77 percent of mobile phone market profits
by Anonymous on Friday, August 10 2012 @ 3:03 CEST

How much of this was due to carrier kickbacks, which then raise carrier prices. And on all that profit, how much US taxes did they pay? Not much...

Share this story!