Thread: Nokia on the brink of failure
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Maemomd is offline Maemomd
2012-04-12 , 17:44
Posts: 171 | Thanked: 172 times | Joined on Jan 2010 @ MA
#10
Originally Posted by Creamy Goodness View Post
There's about a $10 difference in cost to manufacture. Only reason they're losing money is the temporary discounts. They have enough cash to do this game another 2 years...
Agree with some of what you said, but not the cash. Lower margins, negative profits, constant inside costs, hammered stock price, and ratings lowered by s&p and Moody's has and will make their cash pile dwindle. I do see a junk rating in 12 months, hopefully I am wrong.