Whoa, Apple and RIM Make a Lot of Money

Surprise, Apple and RIM actually make a lot of money despite selling only 3 percent of the world's cellphones. Together, they pull in 35 percent of the industry's operating profits. An analyst suggests that if iPhone and BlackBerry's marketshare climbs to 5 percent, they'll rake in something like 58 percent of the industry's operating profits.

Man, Nokia's billion phone strategy don't look so great now does it? [WSJ]

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DISCUSSION

Well this explains why Apple isn't pushing into CDMA territory. They don't need to. In true Apple fashion, they design a phone so good, they can justify a higher cost and profit margin, and people will line up around the block to pay it.