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July 29, 2011 / David Bleeker

iPhone captured two-thirds of mobile phone profits in the second quarter

In case you missed it, the big news today is that Apple is king of the hill in smartphones and is now chasing LG for the third place in global cell phone sales. Samsung, which reported its second-quarter earnings today, ranks as the world’s second-largest smartphone maker in units, but the company said it will cease reporting phone and tablet sales citing competition from Apple. If that didn’t impress you, this data point will blow your mind: More than six out of ten dollars of profit in the mobile phone business go to Apple’s pockets, or 66.3 percent. This is interesting because it shows Apple steadily improving its profitability in the cell phone space at the expense of its rivals. [read more]

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