Research In Motion (Nasdaq:RIMM) to Gain Market Share of Nokia (NYSE:NOK)

Research In Motion (Nasdaq:RIMM) is about to benefit from Nokia (NYSE:NOK) losing market share from its change in OS strategy, according to Credit Suisse (NYSE:CS).

Credit Suisse analyst Kulbinder Garcha said, "Regardless of the OS that is chosen by Nokia, we expect the company will face a period of significant disruption as i) product introductions slow, ii) carrier promotions stall, and iii) as management turns over. During this transitory period, which could last anywhere from 12-18 months, we estimate that Nokia's global smartphone share of 28% (in Q410) could trough at 16-18%, presenting a sizable opportunity for Apple (NASDAQ:AAPL), Android (NASDAQ:GOOG) vendors and RIM."

Concerning RIM, Kulbinder added, "We believe that a period of potential disruption for Nokia in the company’s core international markets (Western Europe and Asia Pacific are most vulnerable in our view), could result in an incremental 5mn units in each CY11/CY12 for RIM."

Research in Motion closed Thursday at $62.67, gaining $1.56, or 2.55 percent. Nokia closed at $11.19, dropping $0.16, or 1.41 percent.