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Let's talk Nokia stock. Really.
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volt
2012-10-23 , 01:02
Posts: 1,309 | Thanked: 1,187 times | Joined on Nov 2008
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Consider this: Nokia have picked their CEO and more recently the chief of not selling anything much from the North American market. They focus on american design and american software, they believe only american will survive in the phone OS market. In this market they manage to sell 300,000 cell phones in Q3.
In what they for some unfathomable reason deem their most important market for them. The board that chose Elop to conquer North America did a grave mistake. This North America marketshare envy has killed Nokia, efficiently.
They are selling 300,000 phones, only Lumia phones available, in Northern America. Under 3 million smart phones world wide.
Nokia has about 100,000 employees.
That's 10 smart phones per employee. Some of which are bought for the employees themselves.
Nokia can't survive like this. Maybe Microsoft Windows 8 has the ability to capture users in a way where Windows Phone 7.5, 7.0, Windows Mobile 6.5, 6.1, 6.0, 5, 2003 SE, 2003, Pocket PC 2002, Pocket PC 2000, and all Windows CE variants before them, not to mention Microsoft Kin, failed utterly to capture users. If not, Nokia is gone. And the desperate thing for Nokia is, they can't even affect the outcome. Microsoft hold their loop over the gallows and Microsoft have already come out and said they want to make their own
iPhones
hardware now, which NOKIA.CEO just before announced that he, uhm, didn't believe would happen, surely.
Nokia's just burning through the assets now.
Meanwhile, in TMO, there are close to 1000 posts in the "Look what I drew on my phone" thread. This is just one of the signs of what kind of enthusiasm for a single model phone that didn't support multitouch, that wasn't slim, that didn't have a scratch resistant display, that didn't have a large app base, that wasn't a very polished experience, Nokia can only dream about ever again.
The Nokia N900 was my Nokia phone. I don't expect I'll be having any more.
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Last edited by volt; 2012-10-23 at
01:09
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