Apple becomes world's largest cellphone maker by revenue
updated 12:00 pm EDT, Thu April 21, 2011
Nokia displaced following Apple Q2 results
Apple is now the biggest cellphone maker in the world, at least in terms of revenue, says research group Strategy Analytics. The former announced its second-quarter results yesterday, in which iPhone revenue alone amounted to $11.9 billion. Nokia, the previous number one, has seen its revenue fall to $9.4 billion, Reuters observes.
iPhone sales grew 113 percent year-over-year in Apple's Q2 to reach 18.65 million. The corporation has become a major player in the smartphone world, as the iPhone platform is now competing head-to-head with RIM's BlackBerry and a variety of devices based on Google's Android OS. An advantage Nokia has though is its production of cheaper, simpler "feature" phones, which allows it to reach markets Apple is unwilling to touch.
The company is currently trying to reverse its fortunes in several ways. It has for instance replaced its CEO, and forsaken Symbian, a once-prominent phone OS now largely outdated and unsupported. Instead Nokia has opted for Windows Phone. It is also in the middle of suing Apple over a collection of wireless patents, although Apple has filed a counter-suit, and the battle could potentially drag out for years if an early settlement isn't brokered.
