Five Top Smartphone Stocks of 2009
NEW YORK ( TheStreet) - Smartphones are hot, and so are their stock prices. Here are five to watch in the coming months.
Research In Motion
Research In Motion (RIMM) is still the biggest player in the U.S. smartphone market thanks to the popularity of its BlackBerry phones. But the market started to get a little crowded in 2009 and RIM shares were pushed aside a bit.
The numbers. RIM's run as the trusty email tool for business users and an increasing number of non-business emailers has been challenged by a host of new devices. Even so, RIM managed to hold on to its No.2 market spot, raking in 21% of the worldwide market. Leader Nokia (NOK) fell to 39% from 42% a year ago.
The stock. RIM shares are up a respectable 44% this year, but lagged the pack by a wide margin. In an era of touchscreen-driven, swipe-and-poke software, the current device trend threatens to leave the BlackBerry behind unless RIM adapts quickly.
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