Back in 2001, landline phones were mostly replaced by mobile phones and now after 11 years it seems desktop computers are moving on the same track. The total number of Internet-connected mobile devices is expected to exceed the number of desktop and laptop personal computers in use in coming year.
The Economist’s Daniel Franklin said that mobile companies gathered $3.9 billion in venture capital investments in the starting six months of 2012, accounting for 46% of all venture capital invested. More funding went into mobile companies last year as compared to any year since 2001, Franklin tells The Daily Ticker.[article_detail_ad_1]
He called Apple (NASDAQ:AAPL) as the real winner of the mobile revolution. Despite losing growth pace to rival tablet devices, the iPad still contributed 50.4% of the company’s Q3 sales in 2012. The iPhone leads its market, representing about 75% of all profits in the mobile-phone industry.
Apple Inc. (NASDAQ:AAPL) has been showing an uptrend of 27.79% this year with a monthly performance floating around -12.98% and 3-month performance down -25.40%. Its most recent closing price was -14.12% down from an average-price of 200 days while it was -9.93% away from the SMA 50 and -5.99% compared with the SMA 20. The stock, after the close of business on Wednesday, was at a premium of 29.23% versus the 52 week low and was trading at -26.91% below the 52 week high.
Franklin turned to phone makers Nokia (NOK) and Research in Motion (RIMM) saying that they have made mistakes by not making the Internet the center of their products.
More recently about Nokia is that its Lumia smartphones are being sold at a discount to attract buyers. AT&T (NYSE:T) was offering Lumia 920 for $99 in the U.S. The same device, however, is available with $39 on Amazon.com (NASDAQ:AMZN) with two-year AT&T contract.
Verizon (NYSE:VZ) sells the Lumia 822 for $99 with contract, but buyers have an option to get the device for free with contract on Amazon. T-Mobile USA is still selling the Lumia 810 for free to customers agreeing to sign a new contract.
Nokia Corporation (ADR) (NYSE:NOK) has last 12-month performance up at -11.57%. Its price, by the end of recent trade, was up 148.47% compared with the 52 week low and was -25.48% below the 52 week high. When compared with the average-price of 200 days, that price was up +32.44% while keeping its distance from the SMA 50 at +27.84% and +8.55% compared with the SMA 20.
The year-to-date performance of Research In Motion Limited (NASDAQ:RIMM) hovers around -18.45%, up 87.40% for the last three months and -15.54% up tracking the trailing twelve months. Its price closed 90.11% up when compared with the 52 week low and was -34.16% below the 52 week high. That price was +19.80% up from an average-price of 200 days at a distance of +17.13% from the SMA 50 and -4.08% compared with the SMA 20.
Sony Corporation (ADR) (NYSE:SNE) so far in 2012 moved down -38.44% and its three-month performance stands at -10.15%. The stock gained 16.04% since it hit 52 week low and is now -50.31% below the 52 week high. Its latest closing price was -17.61% down as compared to an average-price of 200 days while it is currently keeping its distance from the SMA 50 at +2.59% and +7.73% compared with the SMA 20.