This Day On The Street
Continue to site
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

Apple, RIM Steal Nokia's Milk Money

Nokia (NOK - Get Report) paid the dumb price as Research In Motion (RIMM) and Apple (AAPL - Get Report) led the smartphone sales surge in the first quarter.

The Finnish tech shop sold 97.4 million phones in the first quarter, the lowest level in two years, as the average selling price for Nokia phones dropped 18%, according to Gartner. The slump cost the No. 1 phonemaker nearly 3 percentage points of market share in the quarter, falling to 36.2% of the total market, down from 39.1% in the year-ago period.

Nokia has been hampered by arriving two years late to the touchscreen party, but the company expects to have three new entries in that category later this year. The delay, and the miserable first-quarter performance, make it even more important that Nokia delivers a few blockbuster phones soon.

Smartphone wars will heat up in the coming months as Palm introduces its hotly anticipated Pre phone and Apple starts selling the newest version of the iPhone. Samsung, Motorola (MOT) and HTC are also expected to have new Google (GOOG - Get Report) Android phones available.

The wireless market is in a slump with the global recession weighing heavily on consumer spending, curbing appetites for new phones and phone upgrades. Overall, mobile phone sales fell 9.4% in the first quarter compared to year-ago levels.

Smartphones, however, continued to enjoy strong demand as sales grew 12.7% over first-quarter 2008 levels. Research In Motion and Apple continued to rob sales from Nokia in the first quarter. Apple's iPhone doubled its market share to 10.8% of the smartphone market, while RIM's BlackBerries grew 50% to 19.9% of all smartphones sold in the first quarter compared with year-ago levels.
1 of 2

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
GOOG $701.26 0.80%
NOK $5.69 -1.20%
SNE $23.99 0.59%
FB $117.80 -0.22%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs