Just because the world doesn't revolve around Nokia, doesn't mean Nokia is dead. Soon to be dead companies are RIM and HTC. RIM because it is irrelevant and HTC because it can't make better phones than the cheaper ZDE and Huawei, and at the same time is overshadowed by Samsung in the high end.

Nokias problem is size. It's too large to sustain selling S40 and S30 devices even though sales are shifting dramatically toward the more expensive S40 devices. It needs to shrink more. Accelerated growth of WP would help of course, but that is not a solution Nokia can live with, it needs to become profitable in it's main business of S30 and S40.

Meltemi proved to be a dead end road, the team couldn't deliver something that was more competitive than S40. S40 gives more bang for the buck than anything out there, and it is selling by the billions, literally, but it is no solution for high end, and it is no solution for Europe or NA. Here the competition is iOS and Android. Not only high end, but that is where the profit margins are.

Samsung looks unbeatable, but Samsung is no innovator. Samsung is good at producing stuff when the recipe is known. Nokia is an innovator, and this will very obvious when the Nokia WP8 devices are announced. Soon we will be able to get some cool devices again, not just a piece of glass. Lots of people will dislike it, simply because it doesn't fit their blocky, conservative skulls.

WP is somewhat similar. WP7 has limitations, but I tell you, my Lumia is much more fun with new stuff coming all the time than the stale N9. Just recently the camera app was updated with more goodies than the N9 could ever dream of (group shots etc). With WP8 comes more.

Ultimately though, it's not about market share or stocks or patent wars. It's about getting a personal device that does the job and is cool and fun. The thing is, only Nokia has done that on a regular basis, and my Lumia is no exception. Sure the iPhone and the SGS3 are more mainstream, but so what? They are more boring as well. When I get my Nexus 7, I'm sure as hell not going to get a phone with the same OS.