HTC Overtaking Nokia in Market Race

The FT reports HTC is now the world's 3rd most valuable smartphone manufacturer-- taking over Nokia's position.

Nokia HTCThe 2 biggest smartphone makers in the world are Apple and Samsung, even if one has to keep in mind smartphones are not the 2 companies' sole business. 

Nokia still remains the world's biggest mobile device producer (by volume), with 28.9% global market share. 

HTC's rise to success reflects the market's acceptance of touchscreen-based smartphones, with their now being mass-market products in the Europe and the US. IDC expects the global smartphone market to grow by 50% this year, even if slowdown is expected. 

Other analysts, including Morgan Stanley, have less cheering news for HTC-- the company could face "increasing headwinds" as competitors catch up with low- or mid-ranged smartphone models growing in popularity at the expense of premium models. 

Go HTC Overtakes Nokia in Market Value (FT)