Apple iPhone takes 52% of third quarter industry profits

apple iphone takes 52 of third quarter industry profits 4 vs 4sIn Smartphone news, the iPhone is making a lot of money for Apple—more than half the industry’s overall profits belong to the Cupertino-based company. Though Samsung has pushed way ahead of Apple for sales in the September quarter, Apple managed to command 52% of the profits with the iPhone.

This is according to Canaccord Genuity Analyst T. Michael Walkley, who points out that Apple’s profit command comes from only 4.2 percent of the global market share; smaller still when you realize that its market share has dipped from 5.4 percent.

It’s also worthy to note that in the third quarter of 2011, Samsung and Apple combined make up 81% of the money made for the smartphone market. The rest of the 8 largest manufacturers: Nokia, RIM, Motorola, Sony Ericsson, LG, HTC, all came in with under 10% of the profits.

Handset_industry_operating_profits via all things digital

Walkley also points out that four years ago Apple was puttering around with only 4% of the profits while Nokia reigned with a whopping 67%, and now the two companies fortunes have reversed.

As impressive as that 52% seems, Walkley believes that Apple will be reaping even bigger profits when the fourth quarter rolls around. With Rim and Motorola struggling in North America and Nokia bogged down as well, Apple is predicted to grab at least 60% of the smartphone industry’s profits. The company is expected to hit 29 million iPhone sales by December and to pump out 104.4 million by the end of 2012.

Despite the popularity of Android, Apple ruling in the profits area has become a trend as Canaccord Genuity that the iPhone garnered roughly 50 percent in the years first quarter. Apple may have ceded the title of largest phone vender to Samsung, but of course that was before the iPhone 4S launch. 

Business

Chinese court upholds Qualcomm's complaint that Apple infringed on two patents

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Deals

The best Apple Watch deals for December 2018

The Apple Watch has surged to prominence in recent years. If you're in the market for an iOS wearable, we've sniffed out the best Apple Watch deals available right now for all three models of this great smartwatch.
Mobile

On a budget? We found the best affordable smartphones you can buy

Here are the best cheap phones for anyone working with a tight budget, whether you're a fan of stock Android or marathon battery life. Find out what you can get for under $500 or far, far less as we round up the best budget smartphones.
Mobile

Android 9.0 updates to stretch into 2019 — will your phone get a slice of Pie?

Android 9.0 Pie has been released. But is your phone getting Android 9.0 Pie, and if so, when? We've done the hard work and asked every device manufacturer to see when their devices would be getting the update.
Mobile

New Apple Watch begins saving lives one week after getting EKG feature

The Apple Watch Series 4 was updated almost a week ago with a new feature that allows users to take electrocardiogram tests -- and already it seems like the new feature is saving lives.
Mobile

The best smartphone stocking stuffers for a very techy Christmas

If you've got a tech-loving smartphone enthusiast to buy for, we can help you out. Here's a selection of top phone accessories that would make amazing stocking stuffers so you can have a very Merry Christmas.
Deals

Amazon slashes price of 2018 iPad to under $250 in time for Christmas

Whether you love Apple or prefer Android, this 2018 iPad 32GB tablet deal is rather tempting. If you're still on the hunt for gifts, then this deep discount from Amazon makes now an excellent time to pick one up.
Mobile

Santa Claus is coming to town. Get ready with these Christmas apps

Like it or not, Christmas comes but once a year. Thankfully, we've got a list of the best Christmas apps to help get you into the holiday spirit, just in case you want to call Santa or become a Christmas elf.
Wearables

These are the best smartwatches for everything from fashion to fitness

Tempted to buy a smartwatch? If so, then the growing number of great models available means you've got plenty to choose from. But which one should you pick? Here is our list of the best smartwatches.
Wearables

How to use the ECG app, set up irregular rhythm notifications on the Apple Watch

The Apple Watch Series 4 is the best smartwatch iPhone owners can own, and it just got even better with the addition of the ECG app and ability to identify irregular heart rhythms. Here's how to set it all up.
Mobile

5G’s arrival is transforming tech. Here’s everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.
Mobile

Want to watch Netflix in bed or browse the web? We have a tablet for everyone

There’s so much choice when shopping for a new tablet that it can be hard to pick the right one. From iPads to Android, these are our picks for the best tablets you can buy right now whatever your budget.
Computing

Costco members can cut up to $200 off MacBook and iMac price tags

Costco is discounting MacBook Air and MacBook Pro laptops by as much as $200 as part of a members-only sale. It also has deals on select MacBooks and iMacs, with optional Apple Care in most instances.
Mobile

Need to record calls on an iPhone? Check out our handy guide

Are you wondering how to record calls on your iPhone? It isn't as easy as you might think, but we'll walk you through the process of doing so with Google Voice, and identify several other apps and external voice recorders that can help.