Samsung steals smartphone revenue crown from Apple

Apple may have held onto the top spot in terms of smartphone industry profits in the first quarter this year, but there’s a new sheriff in town when it comes to revenue. According to data analyzed by Yonhap News Agency, Samsung’s smartphone sales pushed ahead of Apple in Q1 2013 for the first time ever. The South Korea-based company racked up an estimated $23.62 billion in revenue from sales of its smartphones alone last quarter, while iPhone sales in Q1 totaled $22.95 billion. And to help illustrate just how massive the divide is between Samsung/Apple and the rest of the smartphone industry, Nokia was the No.3 vendor in terms of smartphone revenue in the first quarter with just $3.64 billion in sales, and LG claimed the No.4 spot with revenue totaling $2.95 billion.

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This article was originally published on BGR.com