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

Can Apple Avoid Being 'RIMMed' By Samsung?

NEW YORK ( TheStreet) -- For as much credit as the technology sector gets for being innovative, it doesn't get nearly enough recognition for its influence in our words we use on a daily basis and its contributions to our English dictionary. As an author and one who writes extensively about technology, I'm realizing that thanks to social media giant Facebook (FB), the words "friend" and "like" have become widely popular verbs. While Google (GOOG) has essentially replaced the term "search" in our dictionary as in the widely used "Google this for me."

On Wall Street, however, names of tech companies have entered our lexicon while also having become synonymous with either success or failures -- to the extent that I have recently suggested, can Google "MySpace" Facebook? Or in other words, Can Google one day render Facebook irrelevant? Samsung, which has recently overtaken both Nokia (NOK) and Apple (AAPL - Get Report) as the world's Number 1 phone manufacturer in terms of overall sales said last week that it plans to launch an online music service to compete head-on with Apple.

This has now prompted me to ask, can Samsung "RIM" Apple? Or in other words, will Samsung be able to do to Apple what Apple has done to Research in Motion (RIMM)?

While many are quick to make it a foregone conclusion that Apple is the dominant power, recent evidence suggests that the race is closer than investors realize. Yet, Wall Street insists on handing over the trophy to Apple as if it's a done deal to the extent that even Samsung's name has become an afterthought and replaced with "Android device."

The disrespect of Samsung has had a lot to do with what has clearly become on Wall Street a pro-Apple bias. Be that as it may, it does make me wonder how this reality has affected Apple's ego since it has now become the world's largest company but now has to look up to Samsung in the product category for which it has become the best known. As it stands both companies now account for more than 70% of the global smartphone device market.
1 of 3

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 $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


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