Buy Nokia (NOK)

12/30/2008 7:39 pm EST


Jim Jubak

Founder and Editor,

Nokia owns huge market shares in the markets that are the future of wireless phone technology. The company has about two-thirds of the handset market in India, for example, and a 40% share in China. That's turned Nokia into a huge annuity on phone sales in the world's developing markets since users tend to upgrade with brands they own as their incomes rise.