Nokia's Phone Problems Continue, as Company Struggles to Create Appealing Smartphones

Nokia logoNokia has been forced to issue a profit warning as the company continues to struggle to compete against Apple, Research In Motion, and other smartphone makers.

The company, which remains the No. 1 mobile phone maker in the world, said its second quarter will likely end up at "the lower end of, or slightly below, its previously expected range of €6.7 billion to €7.2 billion," according to the company.

Specifically, Nokia investors are wary that the Finnish phone maker will continue to lose customers in the higher-end phone market without stopping the bleeding. Some analysts are now saying Nokia's current mobile offerings both in North America and Europe are extremely weak.

Even with continued struggles against Apple and other smartphone competitors in the North American market, the company still has been able to focus on mid-range and lower-end phone models.

"There are people out there saying that Nokia is going into a tail spin, like Motorola did," said Tero Kuittinen, MKM Partners analyst, in a statement. "That's the narrative that's freaking people out, but I am not buying it. That tends to be discounted, particularly in the U.S., where Nokia has zero presence and all the focus is on what Apple and Google are doing."

In other Nokia news, the company recently announced a bicycle-powered phone charger aimed at Europe and developing nations in South America and Africa.

Source: DailyTech

Tags: mobile phones, Nokia

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments