Apple has put Nokia in nearly the same market position it was in four years ago, Canaccord Genuity analyst T. Michael Walkley said in a research note on Friday. Where the iPhone had four percent of the cellphone industry's profits in 2007 to Nokia's 67 percent, the rapid Nokia share decline and Apple's own rise to number two have reversed the situation. Apple now makes over half the profits in the business at 52 percent, while Nokia is at the exact same four percent as the company it once dismissed.
