|Forbes.com, Winter, 2012. This article was placed on behalf of the U.S. based equity research effort of institutional broker and investment bank Canaccord Genuity. It was part of a series of articles developed under an agreement with forbes.com to work with a variety of contributors and assist them in delivering actionable investment ideas each week. The site, forbes.com is one of the top 500 sites in the world with nearly 10 million subscribers and approximately 100 million page views a month.|
According to Canaccord Genuity technology analyst Michael Walkley Apple (AAPL) earned 80% of all handset operating profits during the fourth quarter.
Contributing to AAPL’s “remarkable” share of the operating profits is the firm’s apparent industry high operating margin of 47%. By comparison, the operating margin for Nokia (NOK) was estimated to be 3%, Samsung 15%, Research in Motion (RIMM) 8%, Motorola (MMI), – 1%, Sony Ericsson (ERIC) – 18% and LG, 0%.