Apple Inc. (AAPL), Nokia Corporation (ADR) (NOK): Can This Giant Turn Around its Fortunes?

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Bottom Line

Samsung is quickly becoming the largest smartphone brand in the world and has already announced a newer model of its flagship phone, the Samsung Galaxy S3. Nokia Corporation (ADR) (NYSE:NOK) has been comprehensively beaten in the high-end smartphone arena by Apple and Samsung, but the medium to low price range is Nokia’s territory. Asian markets are Nokia’s stronghold, and the company is known for providing reliable devices at affordable prices. If Apple enters the low end smartphone market it will compete directly with Nokia and Samsung. Samsung is the fastest growing smartphone company in the world and has increased its market share from 21% in 2011 to 25% in 2012. Apple Inc. (NASDAQ:AAPL) has a history of surprising the market with its product launches and Apple investors will be hoping for a pleasant surprise.

Mohsin Saeed has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.

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