Whoever thought there was an economic slowdown wasn’t counting the mobile phone industry. In the second quarter of 2008 units sold has grown an estimated 15 to 22 percent. And there’s no slowing down from this industry.Nokia holds the lead with 40% of the market with Samsung in second with 15.2% according to ABI Research.

It is speculated that the Apple iPhone 3G has sparked competition, sales and growth in the mobile phone market with their aggressive marketing and pricing strategies. It’s created an exciting competitive market where innovation is driving price growth.

Whatever the cause, maybe we should start paying attention and dip a little bit into Nokia stocks? It might relieve us a little bit from the state of the housing market. I’ll try it!