Apple Overtakes Nokia as World's Leading Smartphone Vendor

Apple has overtaken Nokia as the world's leading smartphone vendor by volume, reports the Financial Times. Apple had already beaten Nokia by revenue and profit.

The troubled Finnish mobile phone maker made a net loss of €368m ($524m) during the three-month period as revenues declined 7 per cent to €9.3bn.

Shipments of Nokia smartphones declined by 34 per cent to 16.7m units, compared with the 20.3m iPhones shipped by Apple in its second quarter.


Nokia is hoping to turn things around by partnering with Microsoft for their smartphone software. The company is expected to release their first WP7 device later this year.

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