With the recent announcements of 2nd quarter earnings, some incredible data has been released. The cell phone handset industry has sold over $65B in the last 6 months. Of that, 9.7% was pocketed by the companies. It was recently announced that Apple received 32% of the total handset market’s profits, equivalent to a whopping $2,038,000,000, all from selling the iPhone.
What do you think?