Apple passes Nokia in operating profits, takes top spot for the third quarter

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Apple passes Nokia in operating profits, takes top spot for the third quarter
According to a Reuters report, the September quarter produced a milestone for Apple (and the current quarter, a MILESTONE was produced by Motorola, but that's another story) as the Cupertino based firm bypassed Nokia to become the industry leader in operating profit. Because Apple does not break down profits by product, Strategy Analytics estimated that the iconic touchscreen device brought in operating profits of $1.6 billion in the three months ending in September, compared with the Finnish-based firms' $1.1 billion in operating profits for the same period. Apple sold 7.4 million iPhones during the quarter, which generated $4.5 billion in revenue. Nokia sold 108.5 million handsets during the period, and that brought in $10.36 billion. The obvious conclusion is that the U.S. firm was able to keep costs down enough to make a half a billion dollars more than Nokia did despite being outsold over 2 to 1 in terms of revenue. Nokia's thinning profit margins could be traced in part to the many different models the company makes, with units at the high, middle and low end of the industry. In addition, Nokia has to deal with many more carriers-each of them with different types of customers-than Apple does.

Reuters also adds in the report that sales of cellphones will snap a 4 quarter losing streak and should rise 3% in the last quarter of the year according to a poll taken by 31 banks, brokerage firms and analysts. For 2009, the same survey expects that sales dropped 6.9% from the prior year. Despite the drop in overall sales, the smartphone niche has still been able to show growth with 2009 forecast to show smartphone sales up 20 to 30%. 2009 has witnessed the launching of such devices in the category as the Apple iPhone 3GS, the Palm Pre, BlackBerry Tour 9630 and the Motorola Droid.

source: Reuters

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22 Comments

1. JackFace

Posts: 190; Member since: Nov 03, 2009

??? Is anyone gonna touch this article? No?

2. *HOVA*

Posts: 564; Member since: Dec 11, 2008

They have plenty to say in other ones... But not much can touch these figures, let's be honest. They can argue with eachother, but not these facts.

3. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

well i know this is irrelevent but good bye crapple iphone. the droid is awesome! i mean look at the homescreen and the resolution, who wouldn't want it! the widgets are very helpful too. the youtube videos are like watching it on a HDTV.

4. *HOVA*

Posts: 564; Member since: Dec 11, 2008

Once again... My iPhone has been doing that for years. Glad you VZW fanboys can finally catch up.

5. darthray

Posts: 72; Member since: Nov 04, 2009

but we've had pics msg and video msg for years.. glad apple has caught up also. =)

6. hkphooey

Posts: 35; Member since: Oct 18, 2009

HOVA I want to be your buddy! Can I touch your iPhone? You are the best with so many friends, Thank Steve Jobs for your popularity!

7. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

that may be but most people don't care to unlock their iphone, it should already have those options. plus who wants the iphone's boring, gay design anyway. :-)

8. Illyich

Posts: 167; Member since: Oct 13, 2009

Er... apparently, millions and millions of people want it's boring design.

9. *HOVA*

Posts: 564; Member since: Dec 11, 2008

Yea because the Droid has such a groundbreaking design are you F'ING KIDDING ME?!?!?! You said you like widgets and watching YouTube videos, iPhone has done that since day 1. Once again, all the FAGGOT FANBOYS have nothing valid to say. Just being the idiots they are. Congrats to all of you, you continue to make yourselves look more and more like idiots. Gets better everyday.

10. Illyich

Posts: 167; Member since: Oct 13, 2009

I mean, you read the article... right? That's kind of what it was about.

11. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

ya the design of the droid is quite good looking actually. any phone is better looking than the iphone. way tooo boring looking. i wouldn't own own an iphone just because it's old news and it's out of style. i mean when it first came out it was amazing but now that more and more attractive phones are coming out, the iphone is just blah. :-)

13. JackFace

Posts: 190; Member since: Nov 03, 2009

VZW FANMAN: Do you have a copy-n-paste bank of like 5 quotes that you choose from and use for your posts on PA? Or better yet, you have a total of 10 sentences that you mix and match and then post? I was just curious because I read the same things day in and day out from you... it's old new and it's out of style.

14. Iphoneisthesuck

Posts: 59; Member since: Oct 13, 2009

There doesnt need to be any fancy designs on the phone because its a FULL TOUCH SCREEN PHONE. WHY WOULD IT NEED TO HAVE ANYTHING ELSE ON IT SINCE ITS A FULL TOUCH SCREEN PHONE

15. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

Thank you so much jack for paying attnetion to my posts...all other tuchscreen phones are much more appealing though.

16. JackFace

Posts: 190; Member since: Nov 03, 2009

You are quite welcome ;)

17. E.N.

Posts: 2610; Member since: Jan 25, 2009

If you guys really think that the Droid will take down the iPhone then you guys are really crazy. The palm pre is so much better than the Droid and look where Sprint is now. The G1 was suppose to take down the Iphone too but what happened there? Seriously guys, be a little more realistic. The Droid will do well, but it's not going to take anything down.

18. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

But since the droid is on the nations most reliable network it makes it even more appealing.

19. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

I agree... one phone will not take down the iPhone... but android across all carriers in the US and Europe has a chance to outsell the iPhone by volume. Apple makes a solid product for the iPhone and for their computers. I would personally never buy a Mac becuase I hate everything Apple. But apple's downfall is complete control and their in-house-only attitude. Which is why Windows is found on 88% of all computers, Mac is found on 8% (5% are business use for photo, video, and graphiscs editing. 3% for true personal use) the rest are linux/open based systems and networks used by corporations and the like and those techie people that like linux (the numbers could have changed since the last time I researched this about a year ago, but I doubt by much). With android being made by every major mobile electronics manufacturer, and even new comers, Android could overtake everything by vollume (with HTC leading the Android sales just like they do WinMo). +1 to your post though.. stupid VZW sales people think everything is better than the iPhone for any reason some marketing pamphlet tells them.

20. *HOVA*

Posts: 564; Member since: Dec 11, 2008

These are the kind of comments I'm talking about. Someone who actually has something valid to say and isn't even a fan of the phone. Uses facts, kudos to you my friend. I'm not trying to infect anyone with Apple obsession, just stick up for a phone that a lot of ignorant haters bash.

21. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

i don't work for verizon, but i truley do believe the droid is better than the iphone in so many ways.

22. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

I can't stand any apple products, proprietary lockdowns or the virus-like Itunes...any-other-platform-ever FTW

12. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

Congrats to Apple! I've never been much of a fan of Nokia, and I've loved all my Mac computers and also really like the iPhone; now if it would just jump networks from ATT, I'd definitely be rockin an iPhone.

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