According to Jim Cramer, the move toward the wireless Internet via smartphones and other handheld devices is now in full swing.
Cramer thinks consumes are shifting their needs so that smartphones can deliver everything they want, from email and Internet to GPS and entertainment. Even business users are starting to use smartphones to handle tasks they use to do on laptops, such as editing documents, updating blogs and trading stocks.
The wireless Internet boom isn't being ignored by the largest chipmaker in the world, either. On Tuesday,
announced a deal with wireless phone maker
. Under the deal, Intel and Nokia will collaborate to develop a new class of mobile computing devices based on Intel's microprocessor technology. This is clearly very bullish for the smartphone market and shows that well capitalized companies such as Intel are dying to get a piece of this growing trend.
Some of the obvious leaders of the smartphone boom are
with the iPhone,
Research In Motion
( RIMM) with the BlackBerry and
( PALM) with the Pre. Cramer has said that he believes there is room for all of these players because the market for smartphones is far from saturated. He also sees opportunity for the companies that make the parts and components that go into smartphones, including
RF Micro Devices
Many of the smartphone makers are just starting to push into China and other emerging markets that are untapped for these useful devices. This push could lead to some amazing growth and sales when you consider that many of these companies will be entering these overseas markets for the first time. Just on Tuesday, a report came out in the Chinese magazine
in talks with Research In Motion to bring Blackberry devices to China.
With the potential growth for smartphones looking very bright, let's take a look at a few smartphone stock charts that could be setting up to make a big move.
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