|UNTIL 2007 Europe appeared to have beaten Silicon Valley in mobile technology for good. Nokia, based in Finland, was the world's largest handset-maker—and raked in much of the profits. But everything changed when Apple introduced the iPhone in 2007, the first smartphone that deserved the name. Today Nokia still ships a third of all handsets, but Apple pulls in more than half of the profits—despite having a market share of barely 4%. Analysts doubt that this gap is sustainable: competitors will continue to go after Apple and squeeze its margin. What is more, fast-growing Chinese handset-makers, notably Huawei and ZTE, will make it into these charts soon. Economist via this chart showcases how Nokia's profit percentage has been squeezed by Apple's iphone along with tablets|
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