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Apple Most Profitable Phone Company in the U.S.

According to Strategy Analytics, Apple is now the most profitable mobile phone maker in the U.S. The company took the crown from reigning champion Nokia. Electronista cites analyst Alex Spektor as saying, "With strong volumes, high wholesale prices and tight cost controls, the PC vendor has successfully broken into the mobile phone market in just two years."

Electronista reports that Apple is estimated to have generated about $1.6 billion in operating profit from its cellphones in the summer, whereas market leader Nokia generated $1.1 billion.

So what was it that forced Nokia out of the top spot? Apparently an increasing bias in its lineup towards low- or mid-range regular phones and underserving the U.S. market are to blame.

Read the full story here.