Apple Claims 71% of the Mobile Phone Industry's Profits

It is no secret that Apple’s iPhone business is exceptionally profitable. New numbers, released yesterday by an analyst of investment bank Canaccord Genuity, show just how exceptional Apple’s position in the mobile phone market really is.

In the second quarter of 2012, Apple claimed an estimated 71% of the industry’s total profits. A number that is even more astonishing considering that the iPhone only accounted for 6% of global mobile phone shipments in the same period.

Samsung, Apple’s main rival in the smartphone market, is the only other company taking a considerable cut of the industry profits, while many other phone makers are currently in the red.

Please note that total industry profits in this calculation include operating losses of companies such as Nokia and RIM. That’s why it’s possible for the profit share of Apple and Samsung to add up to 108%.