Apple Surpasses Nokia in Profits [Cell Phone Revolution Coming to the Mobile Business?]

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Nokia might be the number one cell phone maker in the world but that doesn’t mean that the Finnish company is also raking in all the profits. In fact Nokia’s report for the last financial quarter wasn’t all that thrilling for the company. On top of that Apple, which is a rather new name in the mobile business, has cashed in on its iPhones again. Only this time Apple has managed to surpass Nokia in profits which is not something that easy to do.

Are we witnessing a cell phone revolution? Will we see Apple and other manufacturers surpass the giants? Nokia, Samsung and LG all have a more than decent marketshare and lots of dependable handsets. But it’s makers like Apple and RIM that bring something else to consumers and are able to set new trends in the business. Apple in particular has been involved in the mobile business for less than three years and it’s already turning in a nice profit every quarter.

Apple’s profit for the third quarter of the year is estimated to be at around $1.6 billion. That’s after selling 7.4 million iPhones which generated $4.5 billion in sales. Nokia turned in only a profit of $1.1 billion but the Finnish company had to sell 108.5 million handsets that generated $10.36 billion in sales to achieve that goal.

Apple is estimated to sell another 8 million iPhones this quarter with lots more to follow next year. What’s Nokia going to do about it? The N900 is now out but that doesn’t guarantee a similar success. The Maemo device looks good so far and it will be available in various markets these days. Despite the fact I want to see Nokia successful at fighting against the iPhone, I don’t think the N900 is a good enough weapon for such a war.

Maybe Nokia should be inspired by Samsung and focus more on its mobile platforms. We’re not saying that Nokia should launch a new OS like Samsung’s bada but Symbian definitely needs a new look and new functionalities in order to be able to counter the effects Android and iPhone OS have on the masses.