Europe Economic Crisis Hits Apple Smartphone Sales

Apple’s (NASDAQ:AAPL) premium handset iPhone 4S sales are under pressure in Europe as weakening economies across the continent are forcing consumers to control their expenses in the face of government spending cuts and job losses.

According to data from research firm Kantar Worldpanel ComTech, Apple, however, managed to boost its position in Britain, with its market share in the 12 weeks ended November 30 up to 31% against 21% the previous year. Similarly, in the U.S., it upped its share from 25% to 36% this year. However, its shares in Europe fell across the board, with France down to 20% from 29%, Germany down to 22% from 27%, with similar dips across Italy and Spain.

Competition from Google’s (NASDAQ:GOOG) Android based handsets has not helped, with these cheaper rivals making significant inroads into smartphone sales territories once dominated by premium handsets. “In Germany, Android achieved a dominant 61% share of smartphone sales in the latest 12 weeks, with the Samsung Galaxy S II the top selling handset,” said Dominic Sunnebo, Global Consumer Insight Director.

Here’s how smartphone stocks are trading heading into the holiday weekend:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $400.69, up $2.14, or 0.54%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 3,252,636 shares versus a 3-month average volume of 17,228,400 shares. The company’s trailing P/E is 14.48, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $633.25, up $3.55, or 0.56%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 608,396 shares versus a 3-month average volume of 3,130,220 shares. The company’s trailing P/E is 21.59, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $4.87, down $0.08, or 1.62%. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 5,468,927 shares versus a 3-month average volume of 29,273,600 shares. The company’s trailing P/E is 20.72, while trailing earnings are $0.24 per share. Get the most recent company news and stock data here >>

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $25.96, up $0.15, or 0.58%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 7,843,424 shares versus a 3-month average volume of 54,637,900 shares. The company’s trailing P/E is 9.43, while trailing earnings are $2.75 per share. Get the most recent company news and stock data here >>