A report has recently been published by Strategy Analytics claiming that Apple has overtaken Nokia as the world’s largest vendor of handsets (by revenue).
From Alex Spektor in the report:
We estimate Apple’s wholesale revenues for its iPhone handset division stood at $11.9 billion in the first quarter of 2011
…
Apple overtook Nokia for the first time, which recorded a lower $9.4 billion of wholesale handset revenues.
The report is determining the largest vendor by revenue earned during the first three months of 2011 — as opposed to market capitalization, handsets in market, or employee numbers.
The report continues:
Nokia remains the world’s biggest handset maker in terms of shipments…Nokia said mobile device shipments rose 1% in the first quarter to 108.5 million, while Apple said it had sold 18.6 million iPhones over the same period.
