How much is Nokia (NYSE: NOK) dominating the Microsoft (Nasdaq: MSFT) Windows Phone market? To put it simply: a lot.
Data out Friday from WMPoweruser showed Nokia accounted for 48 percent of the Windows Phone 7 market.
Research firm Canalys said WP7 shipments of 6.8 million units were low in 2011. With shipments around 2.85 million units during the fourth quarter of 2010, the total comes to 9.65 million handsets so far. By comparison, Apple (Nasdaq: AAPL) shipped 37 million iPhones in the calendar fourth-quarter of 2011 alone.
Nokia probably shipped about 1.2 million WP7 units in the fourth quarter, most of those Lumia handsets. With just 1.6 percent share of the total smartphone market, Canalys expects that number to increase in 2012 with the roll-out of new devices by Nokia.
Shares of Nokia are up 1.7 percent Friday afternoon.
Shares of Netflix (Nasdaq: NFLX) have been volatile over the last 15 or 20 minutes of trade as comments from CEO Reed Hastings in Toronto are hitting wires. The stock last traded at $127.01, up about 2.3 percent from Thursday's close.
Hastings said Netflix will not be getting into sports content or gaming, and instead focus "exclusively" on movies and TV shows. While the exec said Netflix's release in the UK and Ireland is "going great," he said the company's global expansion has a "long way to go."
Shares of YPF SA (NYSE: YPF) are moving to the downside following reports Argentina will suspend a program aimed boosting incentives for energy exploration and production.
Savings of about 2 billion pesos per year are expected.
YPF shares are about 6.5 percent lower Friday.
Seeing some strong action this week on the Facebook IPO is lead underwriter Morgan Stanley (NYSE: MS).
After closing at $18.56 last Friday, Morgan Stanley has traversed 10.1 percent higher this week to the mid-$20 level -- a level the stock hasn't penetrated since last August.
Friday the stock is up 4.7 percent as economic data coupled with investor sentiment is pushing shares to a four-day winning streak.
Gold is making a rebound and noted hedge fund manager Kyle Bass is feeling pretty solid about the metal.
According to Bloomberg, Bass advised the University of Texas Investment Management Co. ("Utimco") to hang on to gold in its investment portfolio. Bass said he sees deflation in its holdings and inflation in the things they need.
Over the last four months of 2011, Utimco lost almost 3.8 percent, a swing from the 4 percent gain realized by the S&P 500 over the same period.
Bass cites recent Fed comments to keep rates low "for an extended period," which recently got pushed back from mid-2013 to the end of 2014 with the recent announcement. Lower rates will add to the devaluation of the dollar against other major currencies, making commodities a more sensible investment according to Bass.
Gold April contracts are $22 lower to $1,737.3 per ounce on the Comex. SPDR Gold Trust (NYSE: GLD) is down 1.2 percent.
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