Nokia's third-quarter earnings report looked more like a company falling off a cliff than the once dominant force at the top of the mobile phone world. The decline was so steep Apple is now officially the king of the smartphone hill.
Shipments of Nokia smartphones declined by 34 percent to 16.7 million units this past quarter, while Apple's shipments cruised past estimates to settle at 20.3 million iPhones shipped.
Apple was already the biggest smartphone maker by revenue and profits, but the April-June period marked the first time it had surpassed Nokia in volume. - Financial Times
Apple's dominance in the mobile world continues to grow as previous leaders RIM and Nokia appear to be gasping for air. It's an iPhone and Android world out there, everyone else is just playing catchup for now.
Source: Financial Times [via 9to5Mac]