Google and Apple Eat Up Smartphone Market Share

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Comscore’s (NASDAQ:SCOR) report on the U.S. smartphone market for the three-month period ending November 2011, highlights that Google’s (NASDAQ:GOOG) Android and Apple (NASDAQ:AAPL) smartphones gobbled up market share chiefly at the expense of Research in Motion (NASDAQ:RIMM), then Symbian and Microsoft.

The figures are pretty neat in the crossover – Google up 3.1%, whereas RIM lost 3.1%. Apple gained 1.4% whereas Microsoft (NASDAQ:MSFT) and Symbian lost 0.5% and 0.3% respectively. Blackberry’s woes do not seem to end – its market share stands at 16.6% against 19.7% in the previous three months.

The pecking order for market share as of the end of November 2011 reads like this: Google 46.9%, Apple 28.7%, RIM 16.6%, Microsoft 5.2% and Symbian 1.5%.

Here’s how these top smartphone stocks are reacting to the news:

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $645.14, up $2.74, or 0.43%. They have traded in a 52-week range of $473.02 to $645.00. Volume today was 653,882 shares versus a 3-month average volume of 3,071,500 shares. The company’s trailing P/E is 21.99, while trailing earnings are $29.34 per share.

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $405.41, up $0.29, or 0.07%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 2,285,983 shares versus a 3-month average volume of 16,315,500 shares. The company’s trailing P/E is 14.65, while trailing earnings are $27.68 per share.

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $14.37, up $0.03, or 0.21%. They have traded in a 52-week range of $12.45 to $70.54. Volume today was 6,082,439 shares versus a 3-month average volume of 22,874,500 shares. The company’s trailing P/E is 3.38, while trailing earnings are $4.25 per share.

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $26.12, up $0.1, or 0.38%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 7,189,295 shares versus a 3-month average volume of 52,352,100 shares. The company’s trailing P/E is 9.49, while trailing earnings are $2.75 per share.

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $4.86, up $0.09, or 1.89%. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 13,300,996 shares versus a 3-month average volume of 29,030,800 shares. The company’s trailing P/E is 20.86, while trailing earnings are $0.23 per share.

To contact the reporter on this story: Lindsey Grossman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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