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Nokia shares dive after sales warning
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geojoking
2011-06-02 , 00:07
Posts: 159 | Thanked: 53 times | Joined on Jan 2011 @ Romania, Cluj-Napoca
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Oh come on. Let's not blow this out of proportions. Sure, the stock plummeted today after the sales warning. It's normal for investors to be concerned for their profits. And when these fail to appear, they sell shares like "hot cakes".
But we should keep in mind that profits for Nokia have seen a
general downward trend
for a while now. And even without the Q1 incident in February, when they announced the strategy shift, share price and sales would still have seen a steady decrease. Meantime, the investments in R&D would have increased, at least at a rapid rate for Symbian. Plus, there was no way out of this paradox. Even if they tried (and still do try) to make Symbian a "digestible" OS, they won't succeed, because it can't compete with other mainstream OS's. And sales would still have decreased.
So, from my point of view, a shift in their strategy WAS needed. Too bad that MeeGo/Maemo got caught in the middle.
It will be interesting to see what happens when Q4 2011 and Q1 2012 results appear. Will we see a dramatic increase in sales and share prices after the Nokia-WP products are launched ?
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