Science & Technology
Thu, September 23, 2010Wed, September 22, 2010Tue, September 21, 2010Mon, September 20, 2010Sun, September 19, 2010Fri, September 17, 2010Thu, September 16, 2010Wed, September 15, 2010Tue, September 14, 2010Mon, September 13, 2010Sun, September 12, 2010Fri, September 10, 2010Thu, September 9, 2010Wed, September 8, 2010Tue, September 7, 2010Mon, September 6, 2010Sat, September 4, 2010Fri, September 3, 2010Thu, September 2, 2010Nokia, Research In Motion, Apple, Google and Motorola
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Published in Science and Technology on Monday, September 13th 2010 at 14:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
CHICAGO--([ BUSINESS WIRE ])--Zacks.com Analyst Blog features: Nokia Corp. (NYSE: [ NOK ]), Research In Motion Ltd. (Nasdaq: [ RIMM ]), Apple Inc. (Nasdaq: [ AAPL ]), Google Inc (Nasdaq: [ GOOG ]) and Motorola Inc (NYSE: [ MOT ]).
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Here are highlights from Fridaya™s Analyst Blog:
Nokia Sees Change at the Helm
Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NYSE: [ NOK ]). Today, the Board of Directors of Nokiamade a decision to replace Kallasvuo with Mr. Stephen Elop. Since last July, industry circle was rife with the speculation that Nokia management is desperately looking for a suitable replacement for its existing CEO. The change will take place on September 21, 2010.
Nokia is facing serious problems in the high-end feature-rich smartphone segment. Smartphones are expected to become the next-generation choice, taking over market share from basic mobile handsets. As of today Nokia is nowhere near iPhone, BlackBerry, or Android-powered mobile devices.
The company failed to understand the marketa™s preference for feature-rich PDAs and as a result gradually lost market share to Research In Motion Ltd. (Nasdaq: [ RIMM ]), Apple Inc. (Nasdaq: [ AAPL ]), and Google Inca™s (Nasdaq: [ GOOG ]) Android-based smartphones especially from a resurgent Motorola Inca™s (NYSE: [ MOT ]) DRIOD series.
While Nokia fails to get any meaningful foothold in the top-tier smartphone market, its core business area of mid-tier basic mobile phone is also facing tremendous pricing pressure from low-cost Asian manufacturers like HTC of Taiwan, Huawei Technologies and ZTE Corp. of China and Samsung and LG of South Korea. As a result, Nokiaa™s overall market share in the mobile phone segmentis down to just 33% from 45% a year-ago.
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