Apple Becomes Fourth Largest Mobile Phone Manufacturer In The World; Beats Microsoft In Revenues

News | Tuesday October 26 2010 7:24 AM | Comments (0) Tags: , , , , , , , , , ,

The quarter ending September 2010 has also been eventful for Apple as far as its earnings are concerned. After the company pipped Microsoft in terms of market capitalization to become the second largest company in the United States back in May this year, it has now been revealed that Apple has also overtaken Microsoft in terms of revenues earned. Microsoft reported revenues of $16.20 billion in Q3 2010 that is significantly lower than the $20.34 billion that Apple reported for the same period. Microsoft however continues to enjoy larger profits owing to the fact that a significant chunk of its revenues come from the sale of software.
. The launch saw a lot of controversy after several media reports complained about problems with the
. These reports forced Apple to announce
. However, the successful performance of Apple in terms of revenues as well as volumes sold is perhaps an indicator of the fact that the controversies did not have any significant fallout on Apple 's brand perception among its customers.
The reports also highlight the increasing popularity of the Apple brand worldwide. The iPhone 4
in the past quarter and the reported volumes of handsets sold is testament to Apple 's success in these new markets. With rumors of Apple launching a
doing the rounds, do you think Apple will be able to carry on with its successful growth? Tell us in the comments below.
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