Bernie Goldbach in Cashel | Irisheyes photo of my Lumia
The marketplace has not been kind to Nokia since the iPhone established its dominance in the marketplace. Current numbers make difficult reading for anyone associated with the brand that once was synonymous with the most advanced smartphones on the planet.
Bobbie Johnson shares data from iSuppli that shows "the Finnish shipped 83 million mobile phones around the world in the last three months — nine million fewer than Samsung, which managed to ship 92 million units."
The devil is in the detail "because Samsung is doing particularly well — although it’s making a ton of profit, in fact, worldwide shipments from the Korean company were down 13 percent in the last three months. The crown was passed along because Nokia is doing significantly worse than everybody else — dropping 27 percent from the last quarter of 2011."
I read and listen to the roadmap of Nokia but I also know the cold reality of the market. Nokia's share price is low enough now that it's an acquisition target. Nokia's cash pile will run out before the end of 2014. And its market assessment is continuously marked down by funds managers after several profit warnings.