ajaymailed
In the zone
As Apple is reaching a trillion dollar level of market cap, Android capturing more than 50% of smartphone market world wide, Nokias downfall continues are unabated.
Investors are losing hope on Nokia, they promised a turnaround with windows but hope is waning as smartphone sales fell by 50% to just 12 million in first quarter, while overall sales fell by 34% to 71 million.
Nokia lowers profit outlook, shares nosedive
TEXT-Fitch:Nokia's profit warning highlights challenge in its transition process | Reuters
Budget Androids has further eaten into Nokia's mid-segment market in India & other developing countries.
Android blitz was so strong that anyone other than Apple is facing hard time. Android phone makers themselves are struggling with profits. The only two companies making humongous amount of money are Samsung & Apple.
Nokia still has 14 billion USD cash to survive for couple of years. But if market share falls like this, then it will become tempting target to takeover, like say Microsoft. Now that Google has got Motorola, it might make some sense MS to get Nokia for cheap price when its performance & stock price fall to very low in future.
Investors are losing hope on Nokia, they promised a turnaround with windows but hope is waning as smartphone sales fell by 50% to just 12 million in first quarter, while overall sales fell by 34% to 71 million.
Nokia lowers profit outlook, shares nosedive
TEXT-Fitch:Nokia's profit warning highlights challenge in its transition process | Reuters
Budget Androids has further eaten into Nokia's mid-segment market in India & other developing countries.
Android blitz was so strong that anyone other than Apple is facing hard time. Android phone makers themselves are struggling with profits. The only two companies making humongous amount of money are Samsung & Apple.
Nokia still has 14 billion USD cash to survive for couple of years. But if market share falls like this, then it will become tempting target to takeover, like say Microsoft. Now that Google has got Motorola, it might make some sense MS to get Nokia for cheap price when its performance & stock price fall to very low in future.
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