iPhone gobbles up 32% of smartphone profit




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Apple certainly hit a home run with the iPhone. Even those of us who don’t worship at the altar of Jobs have found the iPhone to be a fantastic device worthy of most of the praise it’s given. The sales of the smartphone show that it has hit a chord with consumers.

An analyst from Bernstein research named Toni Sacconaghi has said that Apple has managed to gobble 32% of all the profits to be had in the smartphone market. The astounding part of that is that Apple only holds 8% of the smartphone market.

That should give an idea of how lucrative the subsidies are that Apple is receiving from its exclusive partners. Maybe Apple needs those partners as much as they need its exclusive deal. Apple reported that it sold 5.2 million iPhones in its last quarterly earnings.

[via CNET]

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One Response to “iPhone gobbles up 32% of smartphone profit”

  1. kashiq says:

    Well i think not even a single company manage to come up with a better phone than iphone. Apple should be awarded to come up with iphone it has changed the concept of mobile phones and now they are going to dominate the computer world with their new tablet pc which is hopefully coming out next month . Check this out http://www.domesticutilities.com/apple.htm
    I think microsoft should be worried coz if mac becomes user friendly than it will be a big problem for Mr Bill Gates


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