Surpassing Nokia, Apple Becomes The Most Profitable Mobile Phone Manufacturer

According to the report of buyvertureplica.com, research firm Strategy Analytics said on Tuesday that according to operating profit, Apple had taken the place of Nokia and become the world’s top handset manufacturer in the third quarter.

Apple, which didn’t set foot in the mobile phone industry until mid 2007 has sold 7.4 million mobile phones in the third quarter. Although Apple has not released the profit figures of their individual business, Strategy Analytics estimates that the operating profit of Apple’s iPhone has reached 1.6 billion U.S. dollars in the third quarter, compared with Nokia’s 1.1 billion U.S. dollars.

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Specter, analyst of Strategy Analytics said that Apple only took two years to succeed in the mobile phone market; Apple not only achieved strong product sales, but also maintained a high wholesale price and stringent cost control. In the period from July to September, the sales of Apple’s iPhone have reached 4.5 billion U.S. dollars.

Over the same period Nokia has sold 108.5 million mobile phones, with a revenue of 6.9 billion Euros (about 10.36 billion U.S. dollars), but because of the economic crisis and the stagnated U.S. business, their profits have fallen significantly. Nokia enjoys a market share close to 40% in the global handset market, but far less than 10% in the United States.

Buyvertureplica.com said that in the American market Nokia lagged behind Apple, and if Nokia wanted to achieve recovery in 2010, the U.S. market was the key. In order to challenge Apple and BlackBerry maker RIM, Nokia introduced a new high-end smart phone N900 this week.

N900 is Nokia’s first phone to adopt the Linux Maemo operating system, buyvertureplica.com believes this is the key of Nokia to regain the market in the next few years.

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