Based on the iPhone’s current growth trajectory, it could catch and surpass Nokia (NYSE: NOK) for the top spot in the global smartphone market by 2013. This is according to Generator Research, a small firm, which counts Apple (NSDQ: AAPL), Motorola (NYSE: MOT) and Vodafone (NYSE: VOD) as clients among others.
The report names two reasons why this could happen: the rapid increase of applications available for the iPhone and the price drop of the 3G model to $99. Generator also predicts that Nokia will stumble and see its market share cut in half from 40 percent in 2008 to just 20 percent in 2013.
ZDnet points out that the report is conducted in a vacuum and doesn’t really take into account any serious growth from other smartphone competitors, like BlackBerry, Palm (NSDQ: PALM) or Android. To be sure, Nokia could be considered a bit behind the game right now, as it waits for its dominate operating system — Symbian — to release a new smartphone version of its platform that could more easily support touchscreen phones and the developer market. Apple is undeniably a force that others must compete against. However, with Generator also projecting the overall number of wireless subscribers worldwide to grow by around 2 billion to reach nearly 6 billion by the end of 2013, there will likely be a couple of winners.