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Apple Joins Top Five Handset Makers as Nokia Slips

Apple Inc. became one of the world’s top five mobile-phone vendors in the third quarter while market leader Nokia Oyj’s share fell, two industry research groups said.

Apple vaulted past Research In Motion Ltd. and Sony Ericsson to fourth place, helped by the introduction of the iPhone in new markets, International Data Corp. and Strategy Analytics said today in reports. If Apple produces an iPhone for Verizon Communications Inc.’s CDMA network, that could boost it further, Strategy Analytics wrote.