60 cents out of each dollar in industry profit will soon go in Apple's pocket
The figures on the chart come from Canadian brokerage house Canaccord Genuity, and its analyst T. Michael Walkley says that with Nokia, Motorola Mobility and RIM struggling, Apple can continue to gain strength. Considering that the Cupertino based firm accounted for more than half of the industry's profits with only a 4.2 global share of the smartphone business, Walkley expects Apple to soon account for 60 cents out of each dollar in cell phone profits.
With the Apple iPhone 4S the current top seller at Verizon, AT&T and Sprint, Walkley now sees 29.9 million units of the phone selling this quarter and 104.4 million copies moving in 2012 followed by 140.8 million in 2013. By that time, Apple might control even more of the industry's profits.