Analyst: Apple Beats Nokia as World’s Most Profitable Handset-Maker in Last Quarter


Apple overtook Nokia in the third quarter as the cellphone maker generating the highest total operating profit in the industry, research firm Strategy Analytics said on Tuesday. […]

Apple does not unveil profits per business line, but Strategy Analytics estimated Apple’s operating profit for its iPhone handset unit stood at $1.6 billion in the third quarter, compared with Nokia’s $1.1 billion.

Now seems like a good time to recall the words of former Palm CEO Ed Colligan, a mere three years ago:

Responding to questions from New York Times correspondent John Markoff at a Churchill Club breakfast gathering Thursday morning, Colligan laughed off the idea that any company — including the wildly popular Apple Computer — could easily win customers in the finicky smart-phone sector.

“We’ve learned and struggled for a few years here figuring out how to make a decent phone,” he said. “PC guys are not going to just figure this out. They’re not going to just walk in.”

Tuesday, 10 November 2009