Apple En Route To Being The World's Biggest Smartphone Manufacturer

Apple’s stake in the global smartphone market is steadily rising, narrowing the gap with the consistent market leader Nokia, a new report revealed.

The report published by the Internet research firm IDC (International Data Corporation) on BusinessWire covered an in-depth study of the smartphone shipments by all the leading vendors in the first quarter of 2011.

Probably the most significant finding in the report is that Nokia is on the verge of being overtaken by Apple Inc. as the world’s leading smartphone vendor.

“Apple reached a new record shipment volume in a single quarter, and inched closer to market leader Nokia with fewer than six million units separating the two companies,” the report stated.

Nokia currently leads the chart with 24.3 percent of the smartphone market. The company shipped 24.2 million units of its smartphone during the 1st quarter of 2011, closely followed by Apple who shipped 18.7 million units, enjoying an 18.7 percent stake in the market.

Research In Motion (RIM), the maker of BlackBerry, Samsung and HTC secured the third, fourth and fifth positions respectively in the chart for top 5 smartphone vendors in terms of stake in the market.