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Apple Surpasses RIM in Smartphone War, Profits Rise by 26 percent

Exceptionally high iPhone and Mac sales have helped Apple Inc boost its quarterly revenue and profit even as the US consumers reign in spending amidst the current gloomy economic conditions.

Surprisingly, it was Apple's Emblematic Chief Executive Officer Steve Jobs who came out fighting at the Company's conference call.

Apple's fourth quarter revenue jumped 27 percent with profits climbing by 26 percent year on year, prompting a steep rise in Apple's share price after stock markets close. At the time of writing, it had reached USD 100, a 9.3 percent increase which more than makes up for the 7 percent dive yesterday.

Apple has sold nearly 7 million 3G iPhone 3G this quarter, which meant that Steve Jobs has already surpassed its 10-million target by year's end as almost 13 million iPhones have been sold since its launch.

The phone is on sale in 51 countries worldwide with 19 more to be added by the end of the year, which means that 15-million plus sales is not completely out of the picture.

In comparison, RIM sold "only" 6.1 million Blackberrys although it rakes in substantial revenues from backend solutions as well.

That said RIM is not going out without a fight and its latest Blackberries are more than a match for Apple's iPhone plus Microsoft could be eyeing the company in a bid to catch up with Nokia and Android.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.