Nokia is finished in my view. It was clear before they switched to the Windows Mobile platform that their existing platform was not going to survive the onslaught from smart phones with Apple iOS and Android operating systems. However, the switch to Windows Mobile gives them some hope of salvaging the company as a handset manufacturer.
The latest news out of Nokia is that they are to fire 10,000 staff by the end of 2013 and the stock has been hit hard on the news. The latest results from Nokia have been horrible with losses for each of the last five quarters I believe. The company has now been cut to junk. What next?
I think network effects in the mobile space revolve around platform Apps and each platform's cloud computing stickiness. Put simply, there are really...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.