Android still eating Apple

Smart phones running on Google's operating system continue to gain momentum in the US market.

By TheStreet Staff Nov 1, 2010 1:05PM

By James Rogers, TheStreet

 

Google's (GOOG) Android operating system continues to gain momentum in the U.S. smart-phone market despite stiff competition from Apple's (AAPL) iPhone.

 

Sales of Android-based smart phones accounted for almost 44% of U.S. sales during the third quarter, according to research firm Canalys, up from 34% in the prior quarter. With new Android phones, such as Motorola's (MOT) Droid Pro and the Verizon (VZ) Fascinate swarming onto the market, Google's mobile OS is going from strength to strength.

 

Apple also enjoyed a strong quarter. The tech giant overtook Research In Motion (RIMM) as the top individual vendor. The iPhone maker accounted for 26.2% of the U.S. market, up from 21.7% in the prior quarter. RIM's share dropped from 32.1% in the second quarter to 24.2% in the third quarter despite the recent launch of the BlackBerry Torch.

 

Google's operating system is enjoying phenomenal growth in overseas markets, with Canalys reporting that 20 million Android units were shipped globally in the third quarter, up from 1.4 million in the same period last year.

"With Samsung, HTC, Motorola and Sony Ericsson (SNE) all delivering large numbers of Android devices, and with focused efforts from many other vendors, such as LG, Huawei and Acer yielding promising volumes, the platform continues to gather momentum around the world," Pete Cunningham, a senior analyst at Canalys, explained in a statement. "Android has been well received by the market, and in some geographies it is becoming a sought-after consumer brand."

 

Android sales made up a quarter of the worldwide smart-phone market, according to Canalys. Nokia (NOK) remains the most popular global smart-phone vendor, with 33% of the market, although it's down from 38% in the prior quarter. Apple clinched 17% of the worldwide market in the third quarter, up from 13% in the prior quarter. RIM held its 15% share.

 

Last week, tech research firm IDC reported that Apple is now the fourth-largest vendor of mobile phones in the world, behind Nokia, Samsung and LG Electronics. IDC's research, which includes both smart phones and traditional cell phones, cited Apple's global roll-out of the iPhone 4 as a key catalyst but noted that RIM posted a record number of unit shipments during the third quarter.

 

Apple shares rose $4.28, or 1.42%, to $305.26 on Monday, outpacing the Nasdaq, which gained 0.98%. RIM enjoyed a more modest gain, climbing 2 cents, or 0.04%, to $56.94.

 

Related Articles

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

125
125 rated 1
264
264 rated 2
485
485 rated 3
679
679 rated 4
640
640 rated 5
617
617 rated 6
632
632 rated 7
493
493 rated 8
276
276 rated 9
153
153 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.