Featured StoryNokia Corp. (NYSE ADR: NOK) shares were hammered today (Wednesday) after the company announced its continued smartphone market struggles would weigh on profits in 2012.
Nokia, the world's largest maker of cellphones by volume, warned that mobile phone sales will be weaker than forecast in the first quarter due to strong competition in fast-growing markets. After previously thinking it would break even, Nokia now predicts a 3% loss.
The word of...
Microsoft-Nokia Deal Doesn't Guarantee a Spike in Smartphone Market Share
While two major research firms predict that the February deal struck between Microsoft Corporation (Nasdaq: MSFT) and Nokia Corporation (NYSE ADR: NOK) will result in a huge jump in smartphone market share for Windows Phone, such gains won't come easily - if at all.
The two companies announced on Feb. 11 that they would jointly enter the mobile smartphone market - in what some might...