I would say falling, not failing

stock prices generally reflect the now with little regard for long range strategy of a company. in other words, IMO, now is a great time to buy Nokia.

While the north american mobile market bumps and grinds it way towards a more open landscape where there is unlocked freedom, less subsidy and contracts and carrier binding, and transition to 4g technology based on gsm(LTE), nokia is bolstering its position in developing markets to the tune of greater than 50% market share.

in the next few years, nokia can have a more technically savvy market in most of the world with brand awareness/loyalty AND a more open mobile landscape in the US upon which to release new smartphone models. Nokia can transition its massive manufacturing to primarily smartphones when this international critical mass arrives.

This is definitely a tough time of transition and reorganization for Nokia but I think the future for the company is quite bright.