What's more, Apple is seeing its handset profits increase, raking in $1.6 billion for the third quarter of this year. Nokia, in comparison, saw its profits fall to $1.1 billion for the quarter. It's no doubt a bitter pill to swallow for Nokia, which is suing Apple over copyright infringements present in the iPhone.
Nokia isn't the only company worried, either. Nintendo, oddly enough, saw storms ahead despite the runaway successes of the Wii and DS handheld gaming system. "If we can't make clear why customers pay a lot of money to play games on Nintendo hardware and Nintendo software and differentiate ourselves from games on the mobile phone or iPhone, then our future is dark." Nintendo president Satoru Iwata told the Wall Street Journal.
When asked if Nintendo would be adding phone capabilities to its handhelds to combat the iPhone, Mr. Iwata said that his company would not — not until it's possible to offer the service without a subscription fee.