Despite controlling a much smaller share of the market, Apple (s aapl) is now much more profitable than Nokia (s nok), overtaking the handset maker as the most lucrative company in the business of selling cell phones. Apple also overtook Samsung during the last financial quarter, so it actually jumped from third to first place overall among global cell phone companies.
Research firm Strategy Analytics (via Reuters) points out that while Apple is now the most profitable company in the cell phone industry, both Nokia and Samsung both still beat the Cupertino company in terms of sheer size. That’s especially good news for Apple, which makes much more on a per-unit basis than any other mobile phone maker. It makes approximately $320 pure profit on each iPhone sold, according to Strategy Analytics. Read More about Apple Surpasses Nokia as Most Profitable Cell Phone Maker