has been forced to issue a profit warning as the company continues to
struggle to compete against Apple, Research In Motion, and other
smartphone makers.The company, which remains the No. 1 mobile
phone maker in the world, said its second quarter will likely end up
at "the lower end of, or slightly below, its previously expected
range of €6.7 billion to €7.2 billion," according to the
company.Specifically, Nokia investors are wary that the
Finnish phone maker will continue to lose customers in the higher-end
phone market without stopping the bleeding. Some analysts are
now saying Nokia's current mobile offerings both in North America and
Europe are extremely weak.Even with continued struggles
against Apple and other smartphone competitors in the North American
market, the company still has been able to focus on mid-range and
lower-end phone models."There are people out there
saying that Nokia
is going into a tail spin, like Motorola did," said Tero
Kuittinen, MKM Partners analyst, in a statement. "That's
the narrative that's freaking people out, but I am not buying it.
That tends to be discounted, particularly in the U.S., where Nokia
has zero presence and all the focus is on what Apple and Google are
doing."In other Nokia news, the company recently
announced a bicycle-powered
phone charger aimed at Europe and developing nations in
South America and Africa.
quote: Face it we are hooked on the software (apps) now, the hardware is only a minor part of our buying decision.
quote: I'd argue the only reason Android stands a chance against Apple is their exclusive deal with AT&T.