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Apple Beats Nokia in Terms of Revenue

It was meant to happen. Reuters reports that Apple’s strong Q2 2011 results (declared yesterday) has made the Cupertino-based company the largest manufacturer of smartphones in the world in terms of revenue beating long term first position holder Nokia which also reveled its financial results yesterday.

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Apple Inc (AAPL.O) became the world’s largest phone vendor by revenue in January-March, overtaking Nokia Oyj (NOK1V.HE) for the first time ever, research firm Strategy Analytics said on Thursday. “With strong volumes and high wholesale prices, the PC vendor has successfully captured revenue leadership of the total handset market in less than four years,” said analyst Alex Spektor.

According to the financial numbers of Apple’s Q2 2011, they managed to sell a record number of 18.65 million iPhones, 4.69 million iPads, 9.02 million iPods, and 3.76 million Macs, which resulted in $24.67 billion in revenue.

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