Apple Tops Nokia To Become World’s Largest Smartphone Vendor By Revenue
According to a report by Reuters, Apple’s impressive Q2 2011 results, which were reveled only yesterday, has made the Cupertino-based company the largest smartphone manufacturer in the world in terms of revenue, crossing the long time sales leader Nokia.
Apple Inc (AAPL.O) became the world’s largest phone vendor by revenue in January-March, overtaking Nokia Oyj (NOK1V.HE) for the first time ever, research firm Strategy Analytics said on Thursday. "With strong volumes and high wholesale prices, the PC vendor has successfully captured revenue leadership of the total handset market in less than four years," said analyst Alex Spektor.
Apple released the numbers yesterday for its fiscal Q2, ending March 26, 2011, where they managed to sold a record number of 18.65 million iPhones, 4.69 million iPads, 9.02 million iPods, and 3.76 million Macs, which resulted in $24.67 billion in revenue.
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