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06-01-2011, 21:40 | #1 (permalink) |
Banned Join Date: May 2003 Location: Heavens
Posts: 6,267
Member: 30124 Status: Offline Sonork: 100.1590000 Thanks Meter: 7,900 | Nokia now worth three months of Apple cash Nokia yesterday issued profit warning, telling investors to brace for impact. Stephen Elop, the CEO, told investors on a conference call that “Android is gaining strength”, adding “Apple is Apple, of course”. as Apple and Android cut into its sales on the high-end and cheap Chinese phones ate its lunch on the low-end. Shares immediately stumble 18 percent, a thir****-year low for the company, erasing nearly four billion euros in market value. An increasing number of investors are now worried that by the time Stephen Elop pulls its magic tricks with Windows Phone, Nokia might surrender so much market share that it would never recover. Look no further than the latest numbers… [via] |
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