While iPhone sales dropped a bit in the third quarter as many awaited the next-generation iPhone model, it seems that Apple has still managed to bring in over half of the mobile industry’s operating profits at 52 percent, says All Things D, citing Canaccord Genuity analyst T. Michael Walkley.
However, they also note that the iPhone only has a 4.2 percent share of the global handset market. It’s also likely that Apple’s share will grow for the fourth quarter, says All Things D, as some larger rivals (such as RIM and Nokia) are losing traction and newly-released handsets like the iPhone 4S are pulling in massive sales.
With that, Walkley believes that Apple could capture over 60 percent of industry profits. It’s also important to remember that the iPhone is now available across AT&T, Verizon and Sprint. This is the first time a new iPhone launches on more than one carrier, as the Verizon launch earlier this year may have been somewhat hindered by the fact that the phone was already several months old at the time. 60 percent may not be far off in that case.