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Edition: U.S. Article Comments (4) Follow Reuters Facebook Twitter RSS YouTube Read Scientists find superbugs in Delhi drinking water 4:43am EDT Wisconsin high court challenger declares victory 8:47am EDT U.N. troops surround Gbagbo's "last defenders" | 11:37am EDT Scientists find superbugs in Delhi drinking water 2:29am EDT Strong earthquake shakes Japan's ruined northeast coast 11:28am EDT Discussed 114 U.S. to reach debt limit by May 16: Geithner 78 Stumbling blocks remain in budget fight 72 US Republican budget plan would cut $5.8 trln in 10 yrs Watched Robotic bird takes flight into the future Mon, Apr 4 2011 Ouattara forces storm Gbagbo bunker Wed, Apr 6 2011 High price for a government shutdown Wed, Apr 6 2011 small business Is social media the elephant in the room? GoDaddy founder Bob Parsons caused a stir when he posted a video of him killing an elephant on Twitter. It's the latest example of the inherent dangers of social media and small businesses should take heed to avoid pulling a "Parsons." Full Article Managing elephant-sized social media blunders The do's and don'ts of securing a domain name 5 signs you need a marketing makeover Smartphones surging, Nokia to tumble: analysts Tweet Share this By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) - Growing demand for phones running on Google's Android platform will help the smartphone market grow in 2011, boosting companies like HTC and Samsung Electronics who are betting... Email Print Related News Cameraphone sales seen topping 1 billion in 2011 9:24am EDT Cameraphones sales to top 1 bln in 2011-S.Analytics 3:00am EDT Google's Page presages bolder era; some uneasy Mon, Apr 4 2011 Apple, Android apps in U.S. privacy probe: Pandora Mon, Apr 4 2011 UPDATE 1-Apple, Android apps in US privacy probe -- Pandora Mon, Apr 4 2011 Analysis & Opinion Tech wrap: YouTube changing the channel? Zoellick’s speech on the Middle East & North Africa Related Topics Technology » Media » Stocks A model demonstrates a Nexus One smartphone, the first mobile phone Google will sell directly to consumers based on its Android platform, after a news conference at Google headquarters in Mountain View, California January 5, 2010. Credit: Reuters/Robert Galbraith By Tarmo Virki, European Technology Correspondent HELSINKI | Thu Apr 7, 2011 9:23am EDT HELSINKI (Reuters) - Growing demand for phones running on Google's Android platform will help the smartphone market grow in 2011, boosting companies like HTC and Samsung Electronics who are betting on the platform. Android's popularity has helped the Asian manufacturers to rise fast in smartphone rankings, and HTC overtook Nokia in market capitalization for the first time on Thursday. Shares in HTC were worth $33.4 billion at their Thursday close, with Nokia stock worth $33 billion. Nokia still has higher volumes, selling 19 phones for each HTC phone sold last year. But its average sale price was just $85 compared with HTC's $360, according to Strategy Analytics. Surging growth in the high end of the market, helped in part by new models of HTC, will lift global sales of cameraphones 21 percent in 2011 to 1.1 billion handsets, topping the 1 billion mark for the first time, Strategy Analytics said. The smartphone market will grow 58 percent this year and 35 percent the next, research firm Gartner said on Thursday. Android, a distant No. 2 to Nokia's Symbian just last year, will increase its market share to 39 percent in 2011, while Symbian's share will roughly halve to 19 percent following Nokia's decision to dump the platform. Apple's iPhone platform will be slightly bigger than Symbian this year, while Blackberry-maker Research In Motion will control 13 percent of the market and Microsoft Windows Phone 6 percent. Nokia decided in February to start using Microsoft as its main smartphone platform, a move Gartner expected would boost Windows Phone market share to 11 percent next year and to 20 percent in 2015. "This is not about giving Nokia too much credit, this is about saying that Nokia will do everything they can to stay in this business. Anything less than this would mean the end of Nokia," analyst Carolina Milanesi said. NOKIA RATING CUT On Thursday, Moody's cut its credit rating on Nokia, citing the Finnish company's weakening market position and uncertainty over its transition to Microsoft's Windows Phone software. Moody's cut its rating on Nokia's senior debt to A3 from a previous A2. The agency also cut the company's short-term debt ratings to Prime-2 from Prime-1, and said the outlook on the ratings was negative. "The rating downgrade primarily reflects Nokia's weakened market position in its core business, mobile devices, which has reduced the company's margins and funds from operations," said Wolfgang Draak, Moody's senior vice president and lead analyst for Nokia. Standard & Poor's also cut its rating on Nokia late last month. 1 2 Next Technology Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (4) ulludapattha wrote: “This is not about giving Nokia too much credit, this is about saying that Nokia will do everything they can to stay in this business. Anything less than this would mean the end of Nokia,” Nokia has already done everything it can to stay in this business. Nokia surrendered unconditionally to Microsoft in February this year. This unconditional surrender, the final terms of which have yet to be finalised, already means the de facto end of Nokia as the mobile world has known before. Apr 07, 2011 5:43am EDT -- Report as abuse heymanlook23 wrote: Hello, and welcome to stuff I said in 2009….I still use my google g1 (first android phone) and have known ever since day 1 that it would surpass the iphone. I even said it on many sites… it was just too obvious that google knows what they are doing better than anyone else. Anyone in tech and IT saw this coming a long time ago…. Apr 07, 2011 9:12am EDT -- Report as abuse vidso wrote: I love Nokia, but I hate Microsoft! N900 is the last good phone! They should have stuck with Maemo/Meego or merge it with Android… Apr 07, 2011 10:18am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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