Apple's phone revenue ahead of Nokia

New estimates show that Apple now tops other handset makers in terms of revenue, the Asia.cnet.com reported.

With big iPhone sales during the quarter, Apple passed mobile giant Nokia in revenue, making it the world’s largest handset vendor based on that metric, according to Boston-based Strategy Analytics.

“We estimate Apple’s wholesale revenues for its iPhone handset division stood at $11.9 billion in the first quarter of 2011,” said Strategy Analytics’ Senior Analyst Alex Spektor in a statement, referring to US dollars. “Apple overtook Nokia for the first time, which recorded a lower US$9.4 billion of wholesale handset revenues.”  Read more... (395 words)

Armenian News