Also see Despite Microsoft Partnership, Nokia Continues to Fade in Race With Rivals
Strategy Analytics said that the latest numbers indicate that Apple has now overtaken Nokia to become the world’s largest handset vendor in terms of revenue, in addition to already being the largest smartphone company. The Boston, Mass., company said it estimates Apple’s wholesale revenues for its iPhone division to be about $11.9 billion in the first quarter of 2011, compared with Nokia’s $9.4 billion.
“The PC vendor has successfully captured revenue leadership of the total handset market in less than four years,” Strategy Analytics said in a press release.
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