This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Mobile TeleSystems (MBT) is Russia's largest telecommunications group and mobile services provider," notes global stock specialist Yiannis Mostrous.

The editor of The Silk Road Investor explains, "The company -- with operations in Russia, the Ukraine, Uzbekistan, Turkmenistan, Armenia and Belarus -- is my top investment idea for 2011.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"The smartphone revolution -- with web-browsing, video-watching, music-streaming mobile devices -- has made bandwidth a scarce resource," says small cap specialist Ian Wyatt.

The editor of Small Cap Investor PRO explains, "That's where Allot Communications (ALLT) comes in. Allot is an Israeli company that develops deep packet inspection (DPI) technology specifically designed to manage bandwidth use.

The BlackBerry is still the device of choice among corporate users, according to Research In Motion's recent third-quarter earnings report. The Canadian smart phone maker (RIMM) announced a 40% growth in shipments from a year ago to 14.2 million units.

Record shipments helped revenues rise 40% from last year to $5.48 billion. Of this, 62% of sales came from devices, 15% from services an 3% from software and other areas. RIM says it added 5.1 million net new BlackBerry accounts during the third quarter, raising its base to 55 million.

Following Thursday's market close, Microsoft (MSFT) reported its fiscal first quarter numbers, and, as Steven Mallas noted, it easily outpaced earnings estimates for the quarter.

Analysts had been expecting to see the company report earnings of 55 cents per share, but actual earnings came in well above at 62 cents per share.

It was a really good quarter for Microsoft, but revenues did not rise enough to stay above Apple's (AAPL) recent quarterly numbers. Microsoft had revenues of $16.2 billion during the quarter, up from $16 billion during its fourth quarter. Apple reported earlier this month it had revenues of $20.34 billion.

Nokia (NOK - option chain) shares are rising today after the company announced it has begun shipping its Nokia N8 smartphone. The phone has reportedly received the most pre-orders in company history, and an analyst at Morgan Stanley wrote in a note to investors earlier this week that NOK could sell 3 million mobile phones during the fourth quarter thanks in large part to the highly-anticipated N8. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NOK.

Apple, Inc. (AAPL) only entered the mobile advertising market a few months ago, but the company has already been successful at taking away crucial mobile advertising revenue from giants such as Yahoo! Inc. (YHOO) and Google, Inc. (GOOG).

Apple was definitely a late comer to the mobile advertising party, but it has nonetheless made a quick impact. According to a report from Bloomberg Businessweek today, Apple could end the year with a nice 21% share of the market.

"Kaufman Brothers was recently out with a note on Apple (AAPL) -- a long-term holdings on our Recommended List -- with analyst Shaw Wu upgrading his price target to $374 from $350," notes Geoffrey Seiler.

The editor of BullMarket.com, explains, "The biggest reason for Wu's upgrade was the continued momentum of the iPad. The analyst has a "buy" rating on the stock.

"He said, 'In sum, our sources indicate that iPads are likely to surprise on the upside due to better availability of screens and continued strong demand. Our analysis indicates that this alone is enough to drive significant upside to consensus estimates.'

When Apple Inc. (AAPL) released its newest generation iPhone, the iPhone 4, it was received just as well as all the previous models. People waited in lines for hours, and those who were shut out on the first day had weeks of waiting to get their hands on the new precious iPhone.

Unfortunately users started to complain about the phone's reception which led Apple to launch a "free bumper case" program aimed at correcting the problem. The free bumper cases did appear to correct the problem, but now Apple has now decided to discontinue the program.

Since Apple Inc. (AAPL) unleashed the iPhone on the world back in 2007 the company has sold millions of the device and created a massive market for iPhone apps. Developers have invested a lot of time and money in creating apps for the popular iPhone, but have been frustrated by the lack of guidelines and communication with Apple.

Developers have been begging for more insight into the approval process, and today Apple gave them what they wanted by releasing the guidelines it uses to review submitted apps.

As the smartphone industry continues to soar, investors are trying to figure out the best plays. Of course, the obvious winner has been Apple (AAPL).

But as with any dynamic space, the change can be disruptive. In fact, it looks like Google (GOOG) is gaining ground in the smartphone space because of its Android mobile operating system.

With the popularity of the movie Avatar, the 3D craze is going worldwide.

Sharp Corp. (SHCAY) plans to make small, 3D liquid crystal displays that don't require special glasses. Spokesman for Sharp, Yoshisuke Hasigawa, said, "just like black and white TVs turned color, all displays will eventually be 3D capable."

Sharp has already been approached by mobile phone makers about supplying small 3D displays, Hasigawa said.