It's only a matter of time until Nokia 'collapses'

06/07/2012

Its Only A Matter Of Time Until Nokia Collapses

For 14 years Nokia was the largest mobile phone maker in the world until earlier this year Samsung overtook the firm.

It marked a miserable few months for the Finnish company who had suffered in the smartphone market and consequently moved away from its own Symbian operating system (OS) and partnered with Microsoft with the Windows Phone OS.

Nokia has since pinned all of its future hopes on its marquee handset - the Lumia 900 - and a number of low-end mobile phones.

The firm announced last month that it would be cutting a further 10,000 jobs globally amid warnings that second-quarter losses from its mobile phone business are likely to be larger than expected.

UK managing director for MagicSoftware.com David Akka believes that Nokia will fall sooner rather than later.

"Nokia has clearly been blown out of the water, it's just a matter of time until it collapses," Mr Akka said.

Posted by Simon Thomas

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