Apple iPhone Takes 52% of  Third-Quarter Profit Industry

Apple Commanded 52% of Earnings with iPhone Smartphone Market in The Third Quarter of 2011.

Smartphone news, the iPhone is Making a lot of Money for Apple, more than half the total Profits of the industry belong to the Cupertino-based company. Although Samsung has pushed far ahead of Apple on sale in September quarter, Apple has managed to command 52% of earnings with iPhone.

This is according to Canaccord Genuity analyst Michael T. Walkley, who notes that Apple command of profit comes from only 4.2 percent of the world market, smaller still, when you realize that the market has fallen from 5.4 percent.

It is also worthy to note that in the third quarter of 2011, Samsung and Apple combined account for 81% of money made for the Smartphone Market. The rest of the 8 major manufacturers: Nokia, RIM, Sony Ericsson, Motorola, Samsung, HTC, all came in with under 10% of profits.
Walkley also noted that four years ago Apple was puttering around with only 4% of the profits, while Nokia reigned with a whopping 67%, and now both companies have changed fortunes.

As impressive as that 52% looks, Walkley believes that Apple will reap bigger profits in the fourth quarter, when it rolls around. With Rim and Motorola fighting in North America and Nokia bogged down as well, Apple is expected to grab at least 60% of the proceeds of the smartphone industry. The company is expected to hit 29 million iPhone sales up in December and to pump 104,400,000 by the end of 2012.

Despite the popularity of Android, Apple‘s earnings power in the area has become a trend as Canaccord Genuity that the iPhone garnered about 50 percent in the first quarter of the year. Apple may have left the title of largest phone the LG dealer, but of course that was before the iPhone launch 4s.