It must feel good to be a part of Apple today: The Company is now the world’s number one smartphone vendor by volume with 18 percent market share, beating out both Nokia and Samsung, Strategy Analytics said, and its cash reserves are now bigger than the U.S. government’s balance.
Also, with a $76 billion balance, Apple is obviously doing really well in the “cash reserves” department, but it sounds even better when you hear the U.S. Treasury Department say that the government now has a total operating balance of $73.8 billion.
Global smartphone shipments grew 76% over last year to reach 110 million units in the last quarter, according to Strategy Analytics. Apple led with 20.3 million iPhones shipped in the quarter, but Samsung wasn’t far behind with 19.2 million units. Samsung’s shipments jumped 520% since last year with 17% share of the global smartphone market, and were driven by the company’s uber-popular Galaxy S II Android smartphone. Nokia, the former smartphone leader, shipped 16.7 million devices in the quarter.
Apple’s stock price recently surged passed $400, and its total market capitalization is more than $363 billion, which makes it the second largest company in the world, behind Exxon Mobil. The Cupertino giant is already on top of the world, and the only question right now seems to be: How much higher can it go?