This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

RIM, Apple Feast on Nokia

Smartphones are the hottest game in tech town these days, and the leader, Nokia (NOK - Get Report), is losing steam.

Market share among the key smartphone players shifted dramatically last year, according to Gartners' fourth-quarter tally. The smartphone industry overall grew 3.7% in 2008.

The big winners in terms of percentage gains were Samsung, Apple (AAPL - Get Report) and Research In Motion (RIMM), up 138%, 112% and 85%, respectively, according to Gartner.

Smartphone Market Share
Rivals Nibble at Nokia
chart
Gartner

The only loser among the top five smartphone makers was Nokia, which suffered a 17% drop in market share, falling to 40.8% from 50.9% in the year-ago quarter.

Nokia's numbers are likely to slide until the second half of the year, when the Finnish phone firm delivers a new crop of smartphones.

Meanwhile, RIM has been seeing strong demand for its new Storm and older Curve devices. And some see hope for Motorola in its new Google (GOOG) Android smartphones. There's also swelling interest in Palm's (PALM) upcoming Pre phone. All these smartphones are expected to land this year.

Nokia investors shrugged off the nearly three-month-old smartphone performance data Wednesday. The stock was up 52 cents, or 5%, to $10.23 at mid-day.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $126.37 2.53%
GOOG $552.03 0.67%
NOK $7.73 0.39%
FB $83.20 -0.13%
TSLA $190.57 3.01%

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs