Is Android Eating iPhone’s Lunch?
In a new survey, Nielsen (NYSE:NLSN) is reporting that the Android (NASDAQ:GOOG) represented 43 percent of all U.S. smartphones owned in August. This is a 40 percent increase from July. Within the last three months, the Android has represented 56 percent of smartphone purchases. Wow!
The Apple iPhone (NASDAQ:AAPL) remained steady during this time period with 28 percent of the smartphone market share and recent acquisitions; however, the Blackberry (NASDAQ:RIMM) dropped to an 18 percent market share, a one percent decline from July with nine percent of acquisitions.
Google’s (NASDAQ:GOOG) stock is down 0.26% to $524.12 on the news. Shares are down 11.72% year to date. The stock has traded in a 52-week range between $473.02 and $642.96.