Apple takes top spot as smartphone vendor, research firm says
Tech giant Apple (NASDAQ:AAPL) has become the biggest smartphone vendor by volume, overtaking Nokia, research and consulting firm Strategy Analytics said Thursday.
Apple's market share rose 18.5% in the second quarter. Nokia (NYSE:NOK) fell to third place, with a market share of 15.2% compared to 38.1% in the year-ago period. Samsung also overtook Nokia obtaining 17.5% of market share.
During the quarter 20.3 million smartphones were shipped by Apple, 19.2 million by Samsung and 16.7 million by Nokia. The total smartphone shipments for the April-June period were 110.0 million units, Strategy Analytics said in a statement.
In financial news, last week Apple reported its profits more than doubled to record levels on stellar sales of iPhones and iPads.
Net income was $7.31 billion, or $7.79 per diluted share, for the quarter ending June 25. That compares to $3.25 billion, or $3.51 per diluted share, in the year-ago period.
Revenue climbed $28.57 billion from $15.70 billion a year earlier.
Analysts, on average, had expected $5.82 per share in earnings, on revenue of $24.92 billion.
The Cupertino, California-based company's iPhone sales jumped 142% year-over-year to 20.34 million devices sold, while Apple sold 9.25 million iPads during the quarter, reflecting 183% growth over the third quarter of 2010.
It sold 3.95 million Macs, a 14% unit increase, while iPod sales declined 20% from the year-ago quarter to 7.54 million.
Looking ahead, the company said it expects fourth quarter revenue of about $25 billion, on earnings of $5.50 per share.
Related news
- London Mining remains on track to hit 2012 production target at Marampa
- Ceres Power Holdings reports significant improvements of its fuel cell products
- Oxford Catalysts Group shares advance as it announces first start-up of FT reactor
- Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project
- Orogen Gold begins Phase 1 drilling programme at Deli Jovan
- Magnolia Petroleum on track to hit 100 wells target by end-2012
- Mwana Africa sells 15pct stake in Freda Rebecca gold mine for $405k - UPDATE
