Source: BofA, Merrill Lynch From the perspective of unit shipments, last year (trailing twelve months or TTM) shipments of smartphones were 158.9mn, up 6% YoY, a sharp deceleration from the 22% growth in 2008. However we attribute this to the macro weakness. Nokia slightly lost share, down from 40% in 2008 to 39% in 2009e and down [...]