Solid December Numbers For Smartphones (MOT, VZ, AAPL, T, PALM, NOK, QCOM, GOOG)

A recent report by PiperJaffray on wireless technologies indicates that the 3G based smartphones segment has reported solid sales in the month of December.

Market leaders in terms of handset models are Motorola (NYSE: MOT) Droid at Verizon (NYSE: VZ), iPhone (NASDAQ: AAPL) at AT&T (NYSE: T) and Palm Pre (NASDAQ: PALM) at Sprint. Nokia (NYSE: NOK) is a conspicuous absentee in this segment, and its inability to cut the rot could seriously impact its leadership position in the mobile handsets game.

Google’s (NASDAQ: GOOG) Nexus One has reported limited initial sales. However the biggest beneficiary in this thrust towards 3G smartphones will be Qualcomm (NASDAQ: QCOM); thus if you are bullish about 3G smartphones growth then Qualcomm is the stock for you.