Apple Inc. (AAPL) made slight gains in market share last quarter, however more remarkably it’s earning $1 out of every $2 in operating profits raked in by the eight largest device makers in the industry.
While the iPhone maker increased its global mobile handset market share to 4.9% from 3.9% in the previous quarter, it also netted gains in the smartphone market where it grabbed 18.6%, up from 16.2% in the previous quarter, according to new research by Canaccord Genuity analyst T. Michael Walkley.
Apple’s overall share of operating profit jumped from 43% in Q4 to 50% in Q1. By contrast, Research In Motion Ltd.’s (RIM) share of operating profit stayed flat at 16%, Walkley notes.
“While most of this share came from Nokia, we anticipate Apple will continue to gain share from Nokia and RIM during their smartphone OS transitions,” he wrote to clients, according to numerous reports.
Apple began with just 4% of industry operating profits in 2007, climbing to 14% in 2008, 31% in 2009 and 41% in 2010.
Moreover, new data from Net Applications shows that Apple has more than doubled its share of the global operating system market in less than a year.
Apple takes in half of all profits on mobile device sales worldwide
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