I honestly don't understand what the fuss is about. I agree with some of the posts, that yes Nokia has missed the mark with their high-end smartphones, but then at the same time they are the best sellers in developing countries such as China, India, Africa. I tend to visit the Middle East and North Africa on a frequent basis and in those countries Nokia is the phone to have. I just think that looking at a small (although growing) segment like smartphones doesn't really give you the greater picture. The developing World are going to catchup with the rest of us and they will not be doing so with an iPhone in their pocket, but with an affordable phone.

Anyway, all Companies have highs and lows, I remember when I was a child the TV to have was a Sony, today there is more competition in the TV market. Notice I am not saying that Sony is not as good as its competitors, but there was no Samsung or LG making TV's at the time (or not to my knowledge). None the less Sony is still in the running of being the biggest TV manufacturer in the World.

Nokia must answer to the new competition (iPhone, HTC, etc.). Also note that both Motorola and Ericsson (now SonyEricsson) were with Nokia the 3 largest mobile phone manufacturers about 15 years ago, both of those companies are struggling to survive at the moment. Whilst Nokia is still the biggest mobile phone manufacturer. So lets see how well Nokia bounces back from all of this, hopefully they will learn from their mistakes and bring a more successful smartphone to the market. But I wouldn't count them out of the race just yet.