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“We continue to see no compelling reason for a rebound in estimates and expect Nokia to lose further share at the high and low end in 2011/12,” he wries. “Although a drastic change in thinking for Nokia, we believe the replacement of Olli-Pekka Kallasvuo with a non-Finnish external CEO [former Microsoft exec Stephen Elop] does not guarantee improving execution nor a shift in strategy and we remain concerned over near-term dynamics given the lack of compelling high-end solutions.”
Full article here.
MacDailyNews Take: As we’ve said before: Nokia should concentrate on their specialty — crap margin, low-end, mechanical-buttoned candy bar cellphones — hope they can coast along on emerging markets while they try to figure out what businesses to try next (kitchen appliances? floor wax? breakfast sausages?) before the money runs out.
Back in the day Nokia was king
Back in the day Nokia would ring
Look back and weep Nokia , you shouldn’t have been so fast to dis Apple…
Maybe candy bars?
“I’ll have a Nokia Nutbuster.”
When it comes to disposable phones, Nokia is still king.
Nokia, the backbone of the illicit drug world.
@ Al
Don’t forget their leadership position in I.E.D.s!
I still use a nokia with an iPad, cause the phone only costs $20…
Not planning on an iPhone until they drop the prices
Look for Nokia to hugely embrace win7phone.
Nokia will just be another skid mark in the history of mobile marginal dumb phones
I downgraded Nokia when they reached out to anyone from Microsoft. That is like jumping ship from one sinking ship to another ship that is sinking faster. If anyone at Microsoft had a clue of what to do, they would not be the disaster that they are today. Think the Microsoft Titanic here.
Did you notice that the former Microsoft exec Stephen Elop knows that Windows Mobile 7 OS is a disaster. So he is trying Google’s Droid OS!
Pre-iPhone, I recall hearing that stupid ass Nokia ringtone friggin’ everywhere. I haven’t heard it since, and I don’t miss it.
The company surely isn’t exactly going out of business. Neither is Dell. There will always be large enough of a market (developing world) for extremely cheap featureless phones, and Nokia will be there to provide them. Until Chinese models begin undercutting them with pricing and features.
Ever since the announcements early this week (departure of top execs, as well as release of new flagship smartphones), Nokia stock has been tanking against the rest of the markets, and particularly against AAPL (which has gone up faster than the rest of the markets). It is clear that the markets know that Nokia’s current value isn’t right, and are pushing it down to its correct value.
It would be great if Nokia actually embraced Win 7. There is no chance it would gain any meaningful market share, but could continue to fragment the non-iOS market further.
… Day #1 = iPhone on June 29, 2007
The start of Nokia’s market share loss
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From Zero% to now and Upwards for iPhone market share!!! Who would have believed it?
AAPL shares will just keep movin’ on Up. BUY!
and Hold long term!
But, but… 3 Words:
They are back.
Thankyou.