Nokia Shares Fall 5% and Other News

Never mind an Associated Press report that sales of mobile phones increased 14% to $2.4 billion dollars - shares of Nokia fell over 5% in the past two days on battery recall concerns as well as a general weakness in the stock market.

According to market research firm NPD, the top three handset makers in the US are currently Motorola (32% of all mobile phones sold), Samsung (18%), and LG (17%).

Some more interesting factoids: 56% of all handsets sold in the US cost less than $50 (which included free models). 11% cost more than $150, and a whopping 4% cost more than $250.

Taking this one step further, this means that 85% of all mobile phones cost less than $150 big ones - or, people in the US really don’t like paying a whole lot for their cell phones. Of course, this doesn’t count phones auctioned on eBay.

And finally, smartphones sales grew 32% since last quarter.

Source: “U.S. 2Q Cell Phone Sales Rise to $2.4B” - Yahoo! AP

This entry was posted on Wednesday, August 15th, 2007 at 10:45 pm and is filed under Wireless Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.