Apple Overtakes Nokia, Becomes The World's Largest Handset Vendor By Revenue
by Joe White
April 22, 2011
In the first quarter of 2011, Apple overtook Nokia to become the world's largest handset vendor. The achievement comes just four years after Apple release the original iPhone, in 2007.
While Nokia managed to make $9.4 billion in handset sales during Q1 2011, Apple was able to exceed this: iPhone sales hit a massive $11.9 billion. Obviously, this is due to the fact that Apple's line of iPhones are priced high - while Nokia offers a range of both mobile phones and smart phones, of varying prices.
During said quarter, Nokia shipped a total of 108.5 million handsets. Apple shipped 18.6 iPhones. The data, which is supplied by Strategy Analytics, estimates that the average selling price for an Apple handset during Q1 2011 was $638, while Nokia's average was just $87.
Are you surprised? Let us know in the comments.
