Posted On May 31, 2011 By In Business

The Rapid Disintegration of Nokia Phones

Nawa oh Nokia don dey die small small sha”. The ongoing heated competition from Apple and Google has led to the rapid reduction in Nokia’s stock price as low as  approximately 13% on the morning of Tuesday May 31st

As seen in the Wall Street Journal, Nokia released a statement Tuesday warning net sales for its devices and services unit will be “substantially” lower than the previous estimate of €6.1 billion to €6.6 billion ($8.8 billion to $9.5 billion). The shortfall was blamed on lower average selling prices and decreased volumes of handset sales.

Nokia is gradually losing itself in the market especially to the Apple iOS based smartphones and the Google Android OS.  Due to this decline, Nokia teamed up with Microsoft in February and they plan on making Microsoft’s Windows Phone 7 or Mango to others. The collaboration between both companies made people wonder or rather assume they were planning a takeover, but Nokia has denied these rumors.

What do you think about Nokia joining forces with Microsoft, smart idea? Leave a comment below and let us know.

Tags : , , , , ,

Student at University Of Ottawa. Graduated from Vivian Fowler in 2009. BA HONOURS Major in Psychology(BA) and major in Criminology. I am writing about technology because it is an important factor in the world today and it is rapidly changing the world. Being part of a tech blog is a great opportunity for me because it is not something that people really concentrate on (Nigerians). I intend on informing people about what is going on in the tech world by providing first hand quality information. I will blog with a concentration on business, marketing, and legal matters. Believe it or not business makes the world go round as it is our major means of trading and making money. I hope to grow and mature while being part of Technesstivity in terms of expanding my knowledge about gadgets, solving everyday technological problems and technology in general.