RIM and Apple dominate operating profits while Nokia slumps

10 Comments

It seems Nokia is on a downward spiral while the other major smartphone manufacturers are fast gaining market share. Nokia, the leader of global handset distribution, has dropped the most in market share over the the past 5 years.

Despite only selling 3% of the world’s mobile phones, Apple and RIM are dominating when it comes to profitability. Together, the two companies make up for 35% of the total industry’s operating profits. Analysts are saying that if RIM and Apple’s market share were to climb to 5%, it could translate to them owning roughly 58% of the total operating profits.

It just goes to show that we’re entering a new economy of mobile devices, where ubiquity isn’t enough. You have to be constantly innovating and offering not only hardware with new features, but a system of delivering innovative software to the customer. Nokia has the Ovi Store, but I doubt developers are seeing any significant revenue from it.

The software truly makes the hardware these days.

[Via]

  • http://twitter.com/AndyBrownSA/statuses/2746350461 AndyBrownSA (Andrew Brown)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://twitter.com/AndyBrownSA/statuses/2746350461 AndyBrownSA (Andrew Brown)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://twitter.com/AndyBrownSA/statuses/2746350461 AndyBrownSA (Andrew Brown)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://twitter.com/bejobejobejo/statuses/2749107348 bejobejobejo (Adritomo Budi)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://twitter.com/bejobejobejo/statuses/2749107348 bejobejobejo (Adritomo Budi)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://twitter.com/bejobejobejo/statuses/2749107348 bejobejobejo (Adritomo Budi)

    RT @BlackBerryCool: RIM and Apple dominate operating profits while Nokia slumps http://bit.ly/rIYMY

  • http://lovecourageously.blogspot.com/ rh

    I think that this shows how profitable the high end of the cell phone market is. Both RIM and Apple are exlusively high end manufacturers. They are immune to the problems of the larger market.

  • http://lovecourageously.blogspot.com rh

    I think that this shows how profitable the high end of the cell phone market is. Both RIM and Apple are exlusively high end manufacturers. They are immune to the problems of the larger market.