Nokia and Apple Help China Rule Smartphone Market

China has overtaken the U.S. to become the world’s largest smartphone market, according to Q3 numbers by Strategy Analytics. Shipments touched an all-time high of 23.9 million units — an increase of 58% from the previous quarter. Conversely, U.S. shipments declined by 7% to 23.3 million units.

The main drivers for the growth – cheap Google (NASDAQ:GOOG) Android handsets and the growing acceptance of subsidized high-end phones such as Apple’s (NASDAQ:AAPL) iPhone. On a total shipment basis, Nokia (NYSE:NOK) was tops with a 28% share. Samsung was second at 18%.

Neil Mawston, Executive Director at Strategy Analytics, said, “The United States remains the world’s largest Smartphone market by revenue, but China has overtaken the United States in terms of volume. China is now at the forefront of the worldwide mobile computing boom. China has become a large and growing Smartphone market that no hardware vendor, component maker or content developer can afford to ignore.”

Here’s how these stocks are trading now:

  • Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $571.50, down $8.5, or 1.47%. Its market capitalization is $185.10 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 427,690 shares versus a 3-month average volume of 3,185,360 shares. The company’s trailing P/E is 19.48, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $370.62, down $5.89, or 1.56%. Its market capitalization is $344.46 billion. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 2,784,596 shares versus a 3-month average volume of 20,007,700 shares. The company’s trailing P/E is 13.39, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • Nokia Corporation (NYSE:NOK): NOK shares recently traded at $5.54, down $0.02, or 0.36%. Its market capitalization is $20.55 billion. They have traded in a 52-week range of $4.82 to $11.75. Volume today was 7,038,438 shares versus a 3-month average volume of 28,175,300 shares. The company’s trailing P/E is 22.79, while trailing earnings are $0.24 per share. The company pays a dividend of $0.48 per share for a dividend yield of 8.00%. About the company: Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks. Get the most recent company news and stock data here >>

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