Apple topples Nokia to become top smart phone sellerJuly 22nd, 2011 - 11:05 am ICT by IANS
New York, July 22 (IANS) Apple has toppled Nokia to become the world’s number one smart phone seller.
In its second-quarterly results Thursday, the Finnish cellphone company reported shipment of 16.7 million smart phones.
But during the same period Apple shipped 20.3 million iPhones, the Cupertino, California-based company had announced in its quarterly results Tuesday.
According to the analyst firm International Data Corporation (IDC) which tracks information technology markets, Nokia now accounts for just 16 percent of smart phone sales globally - down from 37 percent last year.
However, Nokia still continues to dominate the basic-feature cellphone market even though Samsung is now breathing down its neck in that market also.
In both smart phone and basic-feature cellphone markets, Nokia’s share of the global market has slipped to 25 percent
from 34 percent a year ago.
But Nokia beat forecasts to post a net profit of $551 million during the period.
“These disastrous results show how quickly bad a business can become for a company that does not understand the trends ahead of competitors or is too slow to react to those trends, in a such fast moving industry,” says the IDC as quoted by mobiletoday.
“This could even get worse in the next quarters as Apple is rumoured to be launching a cheaper iPhone in September. If this is true, Nokia will continue losing market share until the new platform from Microsoft is fully deployed. From the feature phones perspective, the high volume driver for Nokia, the situation won’t get any better,” according to the analyst firm.
The only hope for Nokia to reverse its decline now lies in the new Microsoft Window Phone 7 platform it is adopting from next year as its main smart phone strategy.
- Apple 'crowned' global smart phone leader - Aug 06, 2011
- BlackBerry knocked out of Top-5 sellers by China' ZTE - Jan 29, 2011
- Android, iOS power 85 percent of smartphones shipped - Aug 09, 2012
- Apple, Google, RIM neck-and-neck in smart phone market - Mar 04, 2011
- Apple ousts Nokia as world's largest smartphone vendor - Jul 30, 2011
- Google Android smart phones top as Nokia, BlackBerry sink - Jun 01, 2011
- iPhone outsells BlackBerry globally - Oct 30, 2010
- Apple becomes most valuable company in history - Aug 21, 2012
- Apple working on smaller, cheaper iPhone - Feb 14, 2011
- BlackBerry downgraded on soft Torch sales - May 10, 2011
- BlackBerry stock slips on India report - Feb 01, 2011
- Apple's market share growth pauses - Aug 15, 2012
- Nokia launches Lumia 610 for Rs.12,999 in India - Jul 06, 2012
- Google, RIM are now no match for Apple: Analysts - Oct 21, 2010
- Nokia seeks price correction in 3G services - Jan 17, 2012
Tags: analyst firm, android, cellphone, cheaper iphone, cupertino california, differentiation strategy, disastrous results, ecosystem, feature phones, global market, high volume, information technology markets, iphone, market share, net profit, quarterly results, smart devices, smart phone, smart phones, user experience