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Posts: 48 | Thanked: 37 times | Joined on Sep 2009
#6
Originally Posted by DaveP1 View Post
Blaming everything on the US press sounds incredibly like the Bush administration. The numbers come from the Nokia press release. Nokia estimates that their market share in the smartphone market is at 35% which is down from 41% last year. As SubCore points out this was neither unknown nor unexpected.

http://www.nokia.com/results/Nokia_results2009Q3e.pdf

As far as getting rich, kalle, you should have jumped in back in March when Nokia dropped to under 9 (on the New York Exchange). It opened today almost $2 lower at $13.83 but it seems to have stabilized for now.
Sure its a good time to buy. What the ever boisterous journos do not get is that Nok is in transition phase right now and it seems to be chaos out there in Nokia land. I expect them to turn everything around by the time the Services, Symbian^*, QT everywhere strategy starts to bear fruit in about Q3 2011. Yes and by then the journos will be claiming how Nokia magically made a comeback .
 

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