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Jul 24, 2010

Did the iPhone kill Nokia?

Nokia-is-dying-MobileSpoon

It's no secret that I'm not a huge fan of Nokia's smartphones. To me they look & feel completely outdated, and user interface is close to my heart.

I read today that second quarter was pretty bad for Nokia with an "impressive" decrease of 40% in the company profits. Main reason, is the fact that the company had to lower the price of its' handsets due to the tough competition by iPhone and Android based devices.

Nokia also reported a sales decline of some 25% and a shipment decline of 15%.

Feeling bad for Nokia? Follow me on Twitter!

In fact, I found some statistics saying that since the launch of the first iPhone, Nokia's stock price has lost 2 thirds of its' value while Apple's stock doubled the value…

Can Nokia pull out of it or will it end like Palm?



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