While Steve Jobs overloaded his Reality Distortion Field to introduce the Apple
While you were sleeping this morning, Inside Value pick Nokia
Why do I keep dragging poor Apple into a discussion of Nokia? Because the Finns are eating Steve Jobs' macrobiotic lunch, deal Fool. Already the global market leader any way you slice it, Nokia increased its mobile device share from 37% last year to 39% today. In the all-important and high-margin smartphone segment, or what Nokia calls "converged device" sales, Nokia now holds 40% of the worldwide market, up from 35% a year ago. For all the hoopla you hear about Apple and Research In Motion
Nokia still hasn't hit the big time in North America, perhaps because of a lack of well-designed distribution agreements with service providers like Verizon
Total sales shrank 5.3% year over year to $16.8 billion, hurt by a poor showing from the telecom infrastructure venture with Siemens
The Finnish lion is roaring, but Steve Jobs gets all the attention. Once the Reality Distortion Field wears off, you'll see who the true leader in mobile computing is. Here's a hint: It doesn't wear a turtleneck sweater. Scoot over to CAPS and give Nokia some of the respect it deserves, will you?
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Nokia and Sprint Nextel are Motley Fool Inside Value recommendations. Apple is a Motley Fool Stock Advisor choice. Try any of our Foolish newsletters today, free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.