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TheStreet Open House

Google Won't Get Burned, Though the Heat Is on Droid: StockTwits

Stocks in this article: GOOGGOOGLAAPLSSNLFVZ

A search at BestBuy gives an idea of how many more customers Google's operating system can reach, thanks to price. BestBuy offers the iPhone 5C for about $50 with a two-year Verizon (VZ) contract. If anything happens to the phone, the cost to replace it is $599.99. BestBuy offers the HTC-Droid Incredible for as low as $1 with a new two-year contract. It costs $299 to replace the device.

Google dominates the smartphone market with about an 80% share, according to a recent ABI Research report. In the first quarter, more than 187 million Droid devices shipped, about 24% more than the same period a year ago. Apple shipped just under 44 million devices, 17% more from the same period a year ago. However, ABI said Apple's growth is flattening given the relatively disappointing sales of the iPhone 5c.

Research firms have predicted that Google's share will increase. However, Google can't be complacent. Apple undoubtedly has a new phone up its sleeve -- potentially with a larger screen to better compete with Samsung's popular Galaxy phone, which runs on Droid.

That said, Google doesn't have to get upset. With 80% market share, it will likely take awhile for Google to lose its edge in mobile. At least right now, all the anti-Droid talk is mostly just jealousy.

>>Read More:

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Intel Changes Tune With Taiwan Partners, but Will That Be Enough?

Apple WWDC: What Wall Street's Saying

GM, Ford Sales Jump in May as Automakers Roll Past Estimates

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

 

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