Apple and Research In Motion led smartphone sales in Q1 with Nokia only shifting 97.4 million phones in Q1 which is their lowest level in 2 years reports The Street.

This slump cost Nokia nearly 3 percentage points of market share for the quarter dropping to 36.2 percent of the total market which is down from 39.1 percent the previous year.

Nokia arrived at the smartphone touch screen arena some 2 years late and hopes to deliver 3 new smartphones this year, but the delay along with bad Q1 performance means Nokia needs to deliver those smartphones soon or face losing more ground to the iPhone and BlackBerry