Smartphone Maker’s Sales and Rumors Push Stocks

Research in Motion (NASDAQ:RIMM) shares jumped 11.9 percent in premarket trading from reports that the company has possible takeover interest from Amazon (NASDAQ:AMZN), while Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) had discussed a possible joint bid. RIM allegedly turned down Amazon because it wants to fix its own problems which led Forbes’ Eric Savitz to write, “I’m actually not sure what is more shocking: the idea that Amazon was interested in buying RIM, or the fact that RIM cut them off and said no.”

Susquehanna Financial Group analysts have increased estimates for Apple Inc.’s (NASDAQ:AAPL) fiscal 2012 iPhone sales based on supply chain constraints being resolved. The firm now sees Apple shipping 30.3 million iPhones in fiscal 2012, rising from the previous 27.1 million estimate.

Investing Insights: Android Vs. iPhone: Visualizing the Market Share Battle.

Although early sales for Nokia’s (NYSE:NOK) Lumia 800 Windows Phones seem to be better than expected, a recent survey says only 2% of potential smartphone buyers in Europe would choose it. The results are evidence of the difficulty Nokia has in battling the mindshare held by Android and iOS. In the meantime, poor profits have Nokia investors bracing themselves for a huge dividend cut next year.

Here’s how smartphone stocks are trading on the news:

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $13.59, up $1.07, or 8.55%. They have traded in a 52-week range of $12.45 to $70.54. Volume today was 38,261,734 shares versus a 3-month average volume of 22,469,800 shares. The company’s trailing P/E is 2.48, while trailing earnings are $5.48 per share.

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $4.75, down $0.05, or 1.04%. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 16,358,353 shares versus a 3-month average volume of 29,526,300 shares. The company’s trailing P/E is 20.30, while trailing earnings are $0.23 per share.

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $25.83, down $0.2, or 0.77%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 16,782,723 shares versus a 3-month average volume of 55,717,600 shares. The company’s trailing P/E is 9.39, while trailing earnings are $2.75 per share.

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $177.89, down $4.63, or 2.54%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 1,537,430 shares versus a 3-month average volume of 7,041,450 shares. The company’s trailing P/E is 93.77, while trailing earnings are $1.90 per share.

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $394.40, down $1.55, or 0.39%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 4,081,912 shares versus a 3-month average volume of 17,847,600 shares. The company’s trailing P/E is 14.25, while trailing earnings are $27.68 per share.