iPhone Loses Market Share As Smartphone Wars Heat Up

Posted:
in iPhone edited January 2014
ew models are helping Nokia and Motorola recapture market share in smartphones but while Nokia is able to profit from the gains, Motorola predicted a loss in the current quarter.



Shares in top phone maker Nokia posted their biggest one-day gain in nine months Thursday after it reported forecast-beating earnings, while Motorola shares fell more than 11 percent on its disappointing earnings outlook.



Nokia Oyj and U.S. Motorola ? who together dominated the mobile industry just a few years ago ? have been hurt by Apple?s iPhone and Blackberry-maker Research in Motion eating a major share of this fatter margin business.



Both firms have responded by shrinking their phone portfolios: Nokia has halved its smartphone launch plans for 2010, and Motorola co-chief executive Sanjay Jha is betting that Android smartphones will turn around the company.



Analysts said the only clear market share loser among top smartphone vendors was Apple, which sold 8.7 million iPhones in the quarter, missing analysts forecasts. Shares in Apple slipped 3.6 percent.
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