The days of Nokia being at the top are over. Nokia has owned the smartphone market for 15 years but in the last two seen very heavy competitions from the likes of Apple & Android. It has meant people are choosing other more revolutionary devices over Nokia's more robust handsets.
The report comes from Financial times:
Nokia has been overtaken by Apple as the world’s biggest smartphone producer by volume after another sharp fall in sales during the second quarter.
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.
It's sad to see Nokia fall in this way but it looks like they forgot how to come out with revolutionary smartphones.
With Nokia now teamed up with Microsoft and their Windows Phone 7 division they are hoping to make a come back. However they may already be too late...