Apple Inc. has overtaken Nokia Corp. as the world’s largest vendor of mobile handsets by revenue, research firm Strategy Analytics said Thursday after both companies released earnings.
“We estimate Apple’s wholesale revenues for its iPhone handset division stood at $11.9 billion in the first quarter of 2011,” Alex Spektor, Senior Analyst at Strategy Analytics said.”Apple overtook Nokia for the first time, which recorded a lower $9.4 billion of wholesale handset revenues.”
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