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Apple Ready to Boost Own Smartphone Profit Share, Says Analyst

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Say what you will about the "Apple Tax." It sure as heck brings in the bucks.

During the third quarter of 2011, Apple snatched up the majority of the handset industry's operating profits with a whopping 52%, according to Canaccord Genuity analyst T. Michael Walkley. Bear in mind, the company accomplished this with a mere 4.2% share of the global handset units. AllThingsD provides a graph of the operating profits among the top manufacturers:

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As you can see, Samsung is the runner-up with a value share of 29%, but there's a huge drop off to third with Research in Motion with 7%.

But Walkley believes the operating profits gap won't end there. Considering strong iPhone sales and rivals losing ground, Walkley thinks Apple could capture an even larger wedge of the pie come December.

"With Nokia in the midst of a challenging smartphone strategy transition and our checks indicating RIM and Motorola Mobility continue to struggle in North America given the increasingly competitive Android smartphone market," Walkley told AllThingsD, "we believe Apple will gain further value share in the December quarter and could capture over 60 percent of industry profits."

Since iPhone availability has extended to three major carriers in the states and rapidly growing internationally, eight measly percentage points aren't outside the realm of possibility.

Walkley estimates 29 million iPhones shipped in the December quarter, 104.4 million for the following fiscal year, and 140.8 million in fiscal 2013.

(See also: Google Engineer Calls Google+ a Complete Failure and Former Google Exec Slams Company's Redesign)

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POSITION:  No positions in stocks mentioned.

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