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Apple Is The World's Largest Handset Vendor

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With big iPhone sales during the quarter, Apple passed mobile giant Nokia in revenue, making it the world's largest handset vendor based on that metric, according to Boston-based Strategy Analytics.

"We estimate Apple's wholesale revenues for its iPhone handset division stood at $11.9 billion in the first quarter of 2011," said Strategy Analytics' Senior Analyst Alex Spektor in a statement, referring to U.S. dollars. "Apple overtook Nokia for the first time, which recorded a lower $9.4 billion of wholesale handset revenues."

Statistics Source: CNet

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