∞ Apple is the world's largest handset maker based on revenue

The good news just doesn’t stop for Apple. New research shows that Apple has become the world’s largest handset vendor based on revenue.

[ad#Google Adsense 300×250 in story]Writing for AllThingsD, John Paczkowski says that Apple’s iPhone revenues hit $11.9 billion for the quarter, outperforming Nokia for the first time ever. Nokia’s revenue from all of its phones was $9.4 billion.

Higher revenue doesn’t mean that Apple shipped more handsets than Nokia. In fact, Nokia shipped a lot more than Apple.

As Paczkowski points out, Nokia shipped 108.5 million handsets compared to 18.6 million for Apple. However, the average sale price for a Nokia phone was $87, while Apple’s was $638.