Nokia the leading mobile phone provider might be lose the market if they are not produce more smart phone as Apple. From the survey, people are more interested to have a smart phone include various application inside as what Apple going through right now.
“This is a very tough spot for Nokia to be in right now,” Colin Gillis, an analyst at Brigantine Advisors in New York, said in a Bloomberg Radio interview. “They’re going to need the types of devices that people can use to download applications and the kind of devices that people can be interactive with, the types of devices we’re seeing out of Apple.”
Nokia plunged the most in more than five years yesterday, shaving 6.1 billion euros ($8.6 billion) off its market value, after lowering targets for market share and profit margins.
“This is a very tough spot for Nokia to be in right now,” Colin Gillis, an analyst at Brigantine Advisors in New York, said in a Bloomberg Radio interview. “They’re going to need the types of devices that people can use to download applications and the kind of devices that people can be interactive with, the types of devices we’re seeing out of Apple.”
Nokia’s share of the smart-phone market was 41 percent in the second quarter, down from 62 percent in 2005. Nokia estimates its overall market share was 38 percent in the period, down from 40 percent a year earlier. The overall share will be little changed this year, compared with a previous forecast of an increase, the Espoo, Finland-based company said yesterday.
Instead of building a single flagship device such as Apple’s iPhone, Nokia has multiple smart-phone lines like the E Series and N Series, as well as music phones. That approach makes it difficult to attract software developers, who prefer to write programs for a single platform with a large user base such as the iPhone than tailor their applications for a variety of handsets, said Broadpoint Amtech Inc.’s Mark McKechnie.
“They do need to figure something out to keep themselves relevant for users,” the San Francisco-based analyst said. “The smart phone is critical to maintain a lead in the overall handheld market.” Find out the detail news here.
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