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February 16, 2011

Nokia going down

20110212_wbc149

From a February 10, 2011 Economist story quoting Nokia CEO Stephen Elop: "'We are standing on a burning [oil] platform,' he wrote in a memo to all 132,000 employees of the world’s biggest handset-maker. If Nokia did not want to be consumed by the flames, it had no choice but to plunge into the 'icy waters' below."

The graphic up top says it all: Apple's current phone market share of less than 5% produces over 50% of the industry's profits.

February 16, 2011 at 04:01 PM | Permalink


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Comments

My investments have been driven by Nokia's failure to lead and drive the market. The killer: they associated with Microsoft just last week. Their stock tanked 6% on that brilliant decision....

I regret the situation. I owned Nokia "candy bar" phones for years - and then switched to the iPhone (I made more money with one transaction that only an iPhone could perform 2 years ago that I'm still financially ahead - despite the bastards at AT&T (may they all live short, ugly and brutal lives)).

Posted by: 6.02*10^23 | Feb 17, 2011 12:44:33 AM

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