Apple’s insane profits from the iPhone are not an anomaly, it’s a business model

A friend asked me, this morning, if it was true what he had heard about Apple having less than 20% of sector shipments, but over 90% of smartphone profits. I replied with a simple: “can confirm.”

Wall Street Journal reported those numbers yesterday, and other sites have been discussing ever since. It’s been pretty widely discussed believed, but this is the first time such numbers were confirmed – and they were even higher than many people suspected. Continue reading