Apple Could Face Increased Competition in Smartphone Market in 2013 (AAPL, NOK, INTC)

Apple Could Face Increased Competition in Smartphone Market in 2013 (AAPL, NOK, INTC)


According to reports released on Monday Samsung is planning to launch smartphones based on its Linux-based Tizen operating system, increasing smartphone competition to Apple (AAPL) and Google (GOOG) in 2013.

Apple’s iPhone has struggled to compete with Samsung in 2012, with the Galaxy S III and Note 2 selling tens of millions of units in the year. Samsung’s current mobile devices use Google’s Android operating system.

Now, Samsung seems to be in position to spread out its operating services to Linux-based Tizen. The Tizen operating system is being developed jointly by Samsung and Intel (INTC) and based on the abandonment of Noika’s (NOK) MeeGo operating system.

Analysts are unsure whether devices based on this mobile operating system will hit the US in 2013 as current expectations see Samsung releasing the devices through foreign vendors next year.

The potential release of Samsung devices with Tizen will be a formidable competitor to Apple iOS mobile devices going forward. This might change the way investors view their positions with Apple in the future, as the stock has already faced pullback in the last months of 2012.

Apple stock is up +25.82% year-to-date while shares were up slightly in the premarket trading on Monday.

The Bottom Line
Shares of Apple (AAPL) have a 2.08% dividend yield, based on Friday’s closing stock price of $509.59. The stock has technical support in thr $493-$500 price area. If the shares can firm up, we see overhead resistance around the $525-$533 price levels.

Apple (AAPL) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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