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Telecom & Wireless

Apple (AAPL) Joins Ranks Of Top 10 Handset Companies Worldwide

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By Douglas A. McIntyre Published
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Apple (NASDAQ:AAPL) has become one of the top 10 handset makers in the world. Research In Motion (NASDAQ:RIMM) also joined the list in the fourth quarter of 2007.

Nokia (NYSE:NOK) remains the leader in the field, with 40.4% of the worldwide market in the fourth quarter up from 36.2% in the same period of 2006. Motorola (NYSE:MOT) was bloodied falling from a 21.5% share in the last quarter of ’06 to 11.9%.

Samsung’s share moved to 13.4%, putting it into the No.2 spot. Its piece of the market was up from 11.3% in Q4 ’06.

RIMM had a 1.2% share and the Apple iPhone a .6% share in the last quarter. Based on the popularity of the two products Wall St. can imagine that those numbers should move up well as 2008 goes along.

According to the FT "Global handset sales rose 16 per cent in 2007, to 1.2bn devices, but Gartner estimates the market will grow by 10 per cent in 2008."

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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