Deutsche Bank’s Brian Modoff, reflecting this morning in a note to clients on what he’s seen at the Consumer Electronics Show in Las Vegas, writes that “there is a growing disparity among vendors” of smartphones, with Apple (AAPL) and Samsung Electronics (SSNLF) breaking away from the pack.
“At the high-end, Apple and Samsung are consolidating strong positions. On the low end, vendors from China, especially Huawei and ZTE (0763HK), continue to develop at a rapid pace,” writes Modoff.
However, “This is squeezing many of the vendors in between,” he thinks, including Research in Motion (RIMM), HTC (2498TW), Motorola Mobility (MMI), LG (003550KS) and Sony’s Sony-Ericsson venture. RIM, especially, he notes “shows little progress,” adding, “we see little in this or at their booth to indicate signs of positive change.”
Modoff also opines that chip maker Qualcomm (QCOM) is in the best spot among component vendors to benefit, currently gaining share in base bands, and not doing badly in apps processors.
“Qualcomm’s integrated Snapdragon part is more than holding its own across the major smartphone platforms, including Samsung.
Modoff adds that phones using the faster 4G “Long Term Evolution,” or LTE, technology, look on pace to surpass 20 million units this year.
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