logo-loader

Apple takes top spot as smartphone vendor, research firm says

Published: 20:07 29 Jul 2011 BST

no_picture_pai

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.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

3 hours, 6 minutes ago