Apple Inc. (AAPL) Surpasses Nokia to Become World’s Top Smartphone Vendor
A report from The Financial Times today mentioned that Apple Inc. (NASDAQ:AAPL) has surpassed Nokia to claim the spot for world’s top smartphone vendor. Apple Inc. experienced rapid growth with the introduction of it’s iPhone 4 while Nokia experienced a sharp decrease in manufacturing and production.
AAPL had the ability to close out a 5.5 million unit deficit during the first quarter and turn it into a 3.6 million unit lead in the second quarter. Apple’s 3rd quarter also produced sufficient results and suggests that Apple may be holding this spot for a long time.
Shipments of Nokia smartphones declined by 34 per cent to 16.7m units, compared with the 20.3m iPhones shipped by Apple in its second quarter.
Apple was already the biggest smartphone maker by revenue and profits, but the April-June period marked the first time it had surpassed Nokia in volume.
Nokia and Research in Motion used to be two of the biggest cell phone manufacturers in the world, but failed to hold out after Apple topped RIM in Global shipments during the 3rd quarter of 2010. With this news coming at the beginning of the 4th quarter of 2011 and the introduction of Mac OS X Lion, Apple can expect huge growth in sales of shipments.
Apple has faced competition from Android and HTC, although Apple still remains number one due to Android phones being shipped by more than one manufacturer. Both Android and HTC have shipped about half the number of phones globally when compared with Apple. Android has experienced major growth over the last year, but is still behind in terms of shipment volumes. Apple has yet to formally announce this new achievement.