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* Apple Q1 phone revenue beats Nokia for 1st time
* iPhone has generated larger profit for many quarters
HELSINKI, April 21 (Reuters) - Apple Inc (AAPL.O) became the world's largest phone vendor by revenue in January-March, overtaking Nokia Oyj NOK1V.HE for the first time ever, research firm Strategy Analytics said on Thursday. "With strong volumes and high wholesale prices, the PC vendor has successfully captured revenue leadership of the total handset market in less than four years," said analyst Alex Spektor.
Apple's revenue from the iPhone rose to $11.9 billion in the last quarter, while Nokia's phone revenue slipped to $9.4 billion, the research firm said. (Reporting by Tarmo Virki; Editing by David Holmes)