« Turn the Season Rug | Home | Elephant Ear Coffee Cup »
February 16, 2011
Nokia going down
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
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c5dea53ef014e8617f8eb970d
Listed below are links to weblogs that reference Nokia going down:
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
The comments to this entry are closed.