Apple Cuts Nokia's Smartphone Lead |
| TheStreet.com - May 6, 2011 |
Apple(AAPL_) has slashed the gap on smartphone market leader Nokia(NOK_), according to the latest figures from tech research firm IDC.
AAPL UPNokia Corporation| NOK UPWith 24.2 million smartphones shipped during the first quarter, Nokia remains at the head of the smartphone pack, although IDC says that Apple is hot on the heels of the Finnish firm, recording record single-quarter shipments of 18.7 million devices.
Nokia shipped 12 million smartphones more than Apple during the prior quarter, so the latest numbers show the California firm gaining serious ground on its rival, boosted by new offerings such as the Verizon(VZ_) iPhone.
"The company posted market-beating year-over-year growth and recorded triple-digit growth in two key markets: the United States, with the release of its CDMA-enabled iPhone, and Greater China," explained IDC, in a statement. "Additionally, the company enlisted South Korean Telecom and Saudi Telecom as carrier providers of the iPhone."
Read Full Article from TheStreet.com
- Posted: 2011-05-06 11:40:39
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