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Smartphones sales shoot up: will stocks follow?

Sales of the smartphone were high in the US in the first half of 2008 with the price of a smartphone averaging at $174 down 26 percent in August. Analysts still believe that the smartphone sales will remain resilient to the current economic climate even with the consumer spending on the decline.

With smartphone manufacturers lowering prices and offering much better deals for the consumer, as the holiday period beckons we are seeing more and more smartphone coming onto the market taking up slices of the global smartphone market. With RIM’s new Blackberry (RIMM) range launching or being launched within the next few weeks, and HTC Google G1 (GOOG) launching on October 22 does this mean that Apples 3G iPhone (AAPL) will live up to its target sale figure for 2008 of ten million handsets being sold?

We will be taking a closer look at the booming smartphone market and reporting information regarding the stock prices of the what we would call the smartphone phenomenon that is taken mobile phones to the next generation, this is just the start of a ever expanding market with big players like Apple, Nokia, HTC, Google, RIM, BlackBerry all being part of it we are sure to see some exciting innovative smartphones out there.

Source: SeekingAlpha