Just last week, Nokia came up with their targets to get back what they have lost. However, according to a report yesterday, Nokia has abandoned those hopes of meeting key targets just, raising questions over whether its new boss, Stephen Elop, a former Microsoft employee can do what he said he was going to do. Its shares went down by 18 percent to its lowest in 13 years; further reducing $5.5 billion off its market value. Google’s Android devices and Apple’s iPhone are going much forward leaving Nokia behind in the smart phone market. At the lower end, which is where Nokia planned to focus this year, Nokia phones are losing to its Asian rivals. They said in the mean time their primary business strategy is to reach the 3.2 billion people who don’t currently own mobile phones, and the other nearly 3 million who can’t or don’t access the Internet on their devices.
The company is switching to the latest Microsoft Corp’s operating system, Windows Phone7 from its own Symbian platform next year to get back in the smart phone market. This might be too late though as it continues to suffer from competition and warned on Tuesday. It expects net sales from its devices and services business in the second quarter to be lower than its previous forecasts, around $8.7 billion. Elop said that Android is gaining strength and Apple is doing very well as normal.
Management issues had also hurt business in China, where Nokia faces challenges from the ZTE Corp. Nokia believes it is no longer appropriate to provide annual targets for 2011 because of this unexpected issue. Although, It would still provide quarterly updates. The new results imply a loss is likely for third quarter. Nokia’s market position is also declining much faster than expected, so bad that they are talking about break even. Nokia shares closed at 4.75 Euros, having briefly fallen as low as 4.716 Euros, their lowest yet in 13 years and compared with a peak around 65 Euros set in 2000. It’s going to get worse before it gets better, they said. The second quarter should be the worst.
Nokia has already announced that they are going to cut 7,000 of its workers soon. In the third and fourth quarter this year there will be new products which of course will include the Windows Phone7. If they can’t get traction with those then it will be a big issue. It is hard to see how Nokia is going to beat their competition next year with a plan made in this year with this year’s technology. It might be too late for them. Although all seems to be bad for Nokia, some traders might use this opportunity to invest in its shares now as an increase later on will result in a good return. They are willing to take the risk and trust the companies’ ability to regain its market value sometime in the future. After all, its sales in more than 150 countries generated global annual revenue of over €42 billion and operating profit of €2 billion as of 2010 and was the 120th largest company in the world in 2009.
discount viagra generic viagra viagra over the counter
viagra without a prescription canada drug pharmacy prescription drugs
how to get prescription drugs without doctor canadian online pharmacy erectile dysfunction medicines
homeopathic remedies for ed canadian pharmacy online prescription drugs online without
cvs viagra buy viagra online viagra coupons
errection problems best online canadian pharmacy buy prescription drugs from canada cheap
viagra prices viagra coupons 75% off when will viagra be generic
generic cialis cialis online generic cialis coming out
when will viagra be generic viagra for sale generic for viagra
viagra without a prescription viagra buy viagra online
average price cialis buy cialis canada price on cialis
canadian medications buy Prednisone cause of ed
medications online canadian pharmacy review ed meds online without doctor prescription
canadian online pharmacy viagra viagra for sale best place to buy viagra online
generic viagra walmart buy viagra where to get viagra
best drugs for ed: pain medications without a prescription viagra without a doctor prescription
tadalafil without a doctor’s prescription: ed for men erection pills
can i buy zithromax over the counter zithromax prescription buy zithromax
viagra walgreens viagra pill viagra cost
cheap online pharmacy canadian pharmacies shipping to usa ed medications list
drug prices comparison canadian drugs without prescription pharmacy medications
medications list canadian pharmacies shipping usa ed meds online without doctor prescription
lowest cialis prices cialis or viagra canada cialis
cat antibiotics without pet prescription buy viagra online canada pharmacy buy medication online
viagra no prescription cheap generic viagra viagra coupons
over the counter viagra
mexican viagra viagra generic for sale viagra pills
viagra discount
cheap viagra online viagra without doctor prescription canadian viagra
over the counter viagra cvs
erectile dysfunction best erectile dysfunction pill ed meds rx
canadian drug online pharmacies without an rx find best canadian mail pharmacies
canadian medications safe online pharmacies in canada pharmacy in canada ontario
cialis without doctor prescription pharmacies not requiring a prescription canadian prescription drugs by mail
amox k 875 125 cheap Doxycycline erectial disfunction
Amoxil Doxycycline antibiotics prescription drugs
fast ed meds online buy antiviral drugs Zovirax
cheapest ed pills buy prescription drugs without doctor ed meds online without doctor prescription
top rated ed pills fda approved canadian online pharmacies canada drug pharmacy
male ed pills canadian pharmacies shipping to usa canada drug pharmacy
ed therapy carprofen without vet prescription real cialis without a doctor’s prescription
buy viagra generic viagra without a doctor prescription viagra pill
buy cialis online canadian fastest delivery of cialis buying online generic cialis coming out
generic cialis coming out generic cialis tadalafil prices of cialis
tpmqmbbq buy generic 100mg viagra online viagra over the counter walmart
zmfigrel cheap viagra viagra coupon
viagra otc https://cheapvgr100.com/ oqxieuxi
valtrex 500mg price canada valtrex online acyclovir capsules
purchase acyclovir 400 mg acyclovir tablets order acyclovir online no prescription
buy alesse no prescription yasmin cheap levlen pill tablets
zovirax pills cheap valtrex for sale valacyclovir valtrex
zithromax 500 price amoxicillin price canada bactrim generic
buy shatavari online in india buy serophene buy generic alesse online
where to buy 5 mg zyrtec tablets over the counter 225mg benadryl zyrtec-d for children
drjhjwll cialis reps http://cialisirt.com/ high blood pressure and cialis
aklkfhjq canada price on cialis http://cialisirt.com/ tiujana cialis
bxnswztu buy viagra online usa http://viagrastm.online/ cheapest generic viagra
fcyddegq viagra coupons http://viagrastm.online/ how to get viagra without a doctor
iuivkacj samples of cialis http://cialisirt.online/ generic cialis no doctor’s prescription
ed help https://canadianpharmacyvikky.com cheapest ed pills
ed meds online without doctor prescription https://canadianpharmacyvikky.com cure for ed
best drugstore foundation save on pharmacy canadian pharmacy cialis
ed online pharmacy
https://canadarx24.com/
how to treat ed
erectile dysfunction treatment best ed medication discount pharmacy
errectile dysfunction
https://canadarx24.com/
errectile disfunction
pharmacy online drugstore e d ed meds
indian pharmacy online best drugstore bronzer tops pharmacy
indian pharmacy online board of pharmacy best ed pills
us pharmacy pharmacy today pharmacy coupons
discount viagra loanvmmn cheap sildenafil viagra prices
online doctor prescription for viagra lxnniehh buy viagra generic generic viagra india
best non prescription ed pills gnqiddrw levitra online causes for ed
ed prescription drugs joyvzwsv buy levitra generic men with ed
cialis coupons buy cialis jrxqvbsy cialis side effects
cialis 20mg price cialis generic fmpbkuns cialis 20 image