Poor old Nokia appear to be having some problems right now. Faced with increasingly tough competition from Samsung and Motorola amongst others. This Silicon.com story quotes analyst Urban Ekelund at Redeye, who says…
“It does not look good. It is obvious that they are losing market share on mobile phones, and the guidance indicates that next quarter will be worse than we expected.”
“The company will not be able to turn this around overnight. I think the share price will drop further from these levels.”
Source – Silicon.com