How the iPhone's profits stack up

Source: Asymco

Here's a new way of looking at the mobile phone space. In a set of three charts posted Tuesday at Asymco.com, Horace Dediu looks at the absolute value of the global handset market in terms of units, sales and profits.

The chart above is the third of three, showing the growth of Apple's (AAPL) share of the industry's profits since the launch of the iPhone in Q2 2007. The numbers show Apple's and Nokia's (NOK) operating income in billions to give the chart a scale of reference.

To see all three charts, click here.

See also:

• iPhone: 4% of market, 50% of profit

[Follow Philip Elmer-DeWitt on Twitter @philiped]