IPhone passes BlackBerry in Market share at the expense of Nokia

My understanding is that last year (2007), while everyone was salivating over the iphone and contemplating the its ramifications on the high-end phone market, Nokia sold the rest of the world budget phones and posted record profits. So I don't think they're really banking on the smartphone market -- at least as we've defined "smartphone" in the US. Especially when their high-end phones are selling for double or triple the price of the too-beat offering (iphone).

Everyone has to be chipping away at Nokia, last year they were selling more phones in a day than Apple was for an entire quarter.

Still happy with my N95-8gb though, none of my iPhone friends can take quality 5MP pictures or 640x480 video at 30fps. To me, a "smartphone" is the full package of phone / internet / media, and the iPhone media capabilities suck compared to the competition.