Nokia Corp is one of the world large mobile industries. This following May it will introduce the new N8 smart phone. The N8 costs $549 and is said to tighten the competition between them and the iPhone. Over the past three years Nokia has been doing horrible in the United States. They lost over 70% of their market value due to their misinterpretation in market trends.
One thing that made Nokia loose its popularity is that they said consumers can pre-order from they home website yet they couldn’t distribute all of them, creating a bad image. Due to this Nokia profit fell from $289.8 million by June 30. However, their quarterly sales rose to €10 billion from €9.91 billion
What is interesting to note is that Nokia Corp is envisioning that the N8 will bring up their sales and catch up with iPhone. Does anybody really believe that?
Source: http://online.wsj.com/article/SB10001424052748703960004575481912022035740.html
I think this is a really interesting post. I'm wondering what are the features that make it a unique competitor to the iPhone? Additionally, are there any indications as to what service they'll be distributed to?
ReplyDeleteIt seems that there are many potential iPhone competitors that are emerging. The HTC HD7 looks extremely promising to me. The phone has a larger screen, front and rear cameras, and 4G speed (a unique feature that the iPhone lacks thus far). I'm curious as to whether any of these new phones will be able to effectively compete with the Iphone's strong hold on the market.
Ross Catanzariti published a comparision between the iPhone 4 and the N*. N8 advantage to the iPhone are its: 3G network, Bluetooth, camera, expandable network and an integrated FM radio. More details on these comparisions can be seen here: http://www.pcworld.idg.com.au/article/351062/nokia_n8_vs_iphone_4_smartphone_showdown/
ReplyDeleteAlthough it is not official yet, the N8 might be sold to AT&T... if that's the case then its an even bigger threat to Apple Inc. because might fall under the same service. So those who are loyal consumers of the AT&T network, now have a choice besides Apple products.
However, despite its entry, many analyist believe that Apple will not be shaken because over all the iPhone 4 is better then the N8.
This is a very surprising news. The fall of Nokia has been evident ever since the iPhone and the Blackberry became popular in the mobile area. I believe the struggle Nokia has faced in this years somehow obligated them to come up with the competition of the top devices. This is how a market works, if you are not in the top line, you will fall behind. This is why I consider it is a very wise move from Nokia. The fact that AT&T will offer this mobile, I agree, will benefit the company considering the wide range of options the costumers will now have.
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