With all the new smartphones on the Market as well as Research in Motions (RIM) new BlackBerry Storm launching today in the UK, we decided to take a close look at the share value of handset makers after the major indexes closed up more than 6 percent on Thursday November 13.
Shares in Research in Motion (RIM) the company behind BlackBerry tumbled to a two year of $38.55 but regained 60 cents on November 13 to $43.80.
Palm (PALM) with the launch of their new Palm Treo Pro this year led the sector rally and saw its stocks rise 18.4 percent or 45 cents and ended at $2.90, in early trading the fell to $2.26.
With Finnish company Nokia (NOK) surging up 11.2 percent or $1.43 to end the day on $14.15, however Nokia had traded at $12.55 earlier in the day which is the lowest since September 2004.
Motorola Inc (MOT) shares increased by 63 cents or 16 percent to $4.58, earlier in the day Motorola traded at £3.90 this is the lowest level since January 1991.
Apple Inc (AAPL) the iPhone maker rose 7 percent or $6.32 to $96.44.
The stock quotes were taken at close on Thursday November 14 2008, and shows how volatile the phone market has become, even with the technology of phones getting more advances with the iPhone and BlackBerry Storm the market is being saturated with other phone company’s competing for a chunk of the market.
Source: Forbes