Ripples From Nokia
On Thursday Nokia (NOK) once again announced a one-two combo. Second-quarter earnings are to be even more disappointing that previously expected, it has plans to lay off 10,000 employees and it also intends on shuttering factories, research facilities and several management changes. As I have repeatedly stated, the smartphone industry is in a bloodbath battle as it consolidates around three key players, much the way the mobile phone industry, PC industry and other have before
To date, the top two smartphone players are Apple (AAPL) and Samsung, with a key third vendor yet to emerge. Potential bronze medal winners were once considered to Motorola-Google (GOOG), HTC and LG, but all three have had market share issues of late, per comScore data. ...573 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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