Cupertino-based gadget giant, Apple, has officially over taken Nokia in terms of revenue. In a recent research conducted by Asymco, Apple has been ranked No. 1 in terms of revenue while in the area of sales, it still has space for growth.
At the end of the first quarter of 2011, results of the study were displayed in graphs, clearly displaying the overall phone market growth.
Apple's iPhone grew at 113% year on year. A comparatively higher growth was measured in a post-holiday quarter and who ever said "the iphone sales are sinking" might need to think twice. It surely is growing as well as gaining share.
The iPhone reached a 5% share of all phones sold in the quarter and managed to become the fourth most popular vendor in the world, beating RIM, HTC, Motorola, Sony Ericsson and ZTE.
Looking moreover at operating profit shares, RIM, Samsung and HTC have maintained profit share in a period of 3 years while Apple and Nokia are the only manufacturers whose profits have mostly shifted.