I don't understand a lot about the market so I'll ask a simple yes or no question. Should I buy Nokia stock right now? (I know there are all kinds of things involved but I figured I'd ask anyway)
I don't understand a lot about the market so I'll ask a simple yes or no question. Should I buy Nokia stock right now? (I know there are all kinds of things involved but I figured I'd ask anyway)
No.
Fitch just downgraded Nokia's credit rating by 2 notches, just one notch above "junk". I doubt this is good for Nokia shares.
Yeah whatever, rating companies have always been sensible to this kinds of stuff. But let's all remember how high ENRON's rating was in 2001 and still it was one of the biggest frauds of all time. And how Detroit's Big 3 ratings were still high when they went into bankruptcy when the economic crisis began.
So, what I'm trying to say is that, Nokia, a company which is undoubtedly in some kind of trouble at the moment, is not is THAT much trouble how some people would like it to be.
They're having problems, it's normal in in the business world to have not-that-great periods. Apple has had them in the 90's. They're successful now. What's to happen 5 years from now? Let's not dramatize things.
How about giving Elop to RIM?
Elop is a well experienced manager, managed the world largest cell phone maker and has proven to make gutsy decisions. Exactly the man RIM needs now!
I think Elop's switch would be really good for the share price. I just don't know for which, NOK, RIMM, MSFT, AAPL or GOOG?
Volume and Market Share. The following chart sets out our Devices & Services volumes for the periods indicated, as well as the year-on-year and sequential growth rates, by category.
Converged mobile devices Q4/2010: 28.3M Q1/2011: 24.2M QoQ Change: -14%
How about giving Elop to RIM?
Elop is a well experienced manager, managed the world largest cell phone maker and has proven to make gutsy decisions. Exactly the man RIM needs now!
I think Elop's switch would be really good for the share price. I just don't know for which, NOK, RIMM, MSFT, AAPL or GOOG?
RIM has been living on borrowed time for several years already. RIM serves a niche that has grown completely out of proportions. They have nothing of interest regarding the future of mobile devices. RIM = RIP. The only good thing about RIM is that it is mostly a North American phenomenon, they haven't poised the world with their nonsense.
Why they have been able to stay afloat and grow this long is the real mystery, not that they are finally going down to a size that fits the niche market they are serving.
Interesting. The reason looks to be mostly decline of sales in Europe, due to Android I guess and to lesser extent the iPhone (the market for iphone is already saturated). What can I say but Nokia Nokia Nokia. But it is somewhat expected when thinking about it, the only worth while Symbian phone is the N8, and that phone is too expensive and (camera)geeky to compete with the hordes of cheaper and more catchy Android devices from SE, Samsung and HTC. I would expect the C7 and C6 to catch on more, but they look to be dead in the water.
If anything, this only proves that Elop is right, a major overhaul is needed, a new start with a portfolio made for the future.
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