Apple Overtakes Nokia as World's Largest Phone Vendor By Revenue

Apple has overtaken Nokia as the world's largest phone vendor by revenue in the first quarter of 2011, according to research firm Strategy Analytics.

"With strong volumes and high wholesale prices, the PC vendor has successfully captured revenue leadership of the total handset market in less than four years," said analyst Alex Spektor.

Apple's revenue from the iPhone rose to $11.9 billion in the last quarter, while Nokia's phone revenue slipped to $9.4 billion, the research firm said.


Read More