According to a new market study from Asymco Apple is making a boat load of cash on iPhone sales, dominating over other brands such as HTC, Samsung, and RIM.

Here’s some details from the Asymco report:

Apple generated only 5-percent of global phone sales in Q1 of this year, but 20-percent of total revenues and a staggering 55-percent of total profits. The report notes that three years ago Nokia held the dominant profit share, roughly 47-percent valued at $2.35 billion, but Apple’s current share is estimated to be twice as much, roughly $5.23 billion.

Source: IGN.com

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By Brent Butler