View Single Post
Posts: 1,425 | Thanked: 983 times | Joined on May 2010 @ Hong Kong
#18
Originally Posted by geojoking View Post
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 ?
Thanks for your reply.

First of all the author of the article or us don't try to blow anything out of proportions. Besides, the market response is indeed substantial, otherwise I wouldn't repost the news.

Also, Nokia recalibrates its net sales from previously expected range of EUR 6.1 billion to EUR 6.6 billion for the second quarter 2011 to 'breakeven'. That should be enough to shock the market.

Last edited by 9000; 2011-06-02 at 01:27.