IDC comment on Apple's results

Apple has announced its fiscal year 2011 second quarter results. The iPhone shipped 18.7 million units, up 113% from last year's 8.8 million units in the same period, and the iPad shipped 4.7 million units.

IDC estimates that Apple increased its market share to 18% in the smartphone market during the quarter, a rise on last year's share of 16%. Apple consolidated its market position as the second biggest smartphone manufacturer and has closed the gap with Nokia, which is now estimated to be less than 10% in the segment.

In light of strong competition from Android devices and the impact of the earthquake in Japan, these results are impressive. The iPhone and the iPad are two of the most desired mobile devices, and since its launch in 2007, the iPhone has been growing at a compound annual growth rate (CAGR) of 32%, which led Apple to the highest growth rate in the mobile phone industry.

Apple has proven to be an extremely efficient company both on product development and supply chain management. While other vendors faced strong impact on their results from the disaster in Japan, Apple managed to keep its business growing and does not expect an impact during the current quarter.

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