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Technology Stocks : Nokia (NOK)
NOK 7.125+3.1%9:30 AM EST
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To: pyslent who wrote (32876)5/11/2013 11:59:09 AM
From: sylvester80  Read Replies (1) of 34857
 
Darn right! Elop is degrading Nokia by going to lower end and lower cost phones. It goes to show how big of a hard sell is WP8 with a high end phone to smartphone experienced Android and iOS users. With lower cost and lower end units Nokia is trying to capture most users that are buying a WP8 phone (25% at last count). The users that are coming from featured phones and have never used a smartphone before (not in your case but you get the point).

In that case Nokia will sell more units but with lower margins and lower revenues. And so revenues for Nokia continue to shrink, and that is why we sit here below $4 with the markets skyrocketing while we were at $4.90 just in january.
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