Lack of innovative apps, bad user experience and lackluster
product presentation are leading the Finnish handset maker Nokia towards dark
future. According to a latest chunk of information, the Finnish giant is
expected to report another quarterly loss and dwindling cash reserves.
Analysts believe that the third quarter for the Finnish
handset maker would be weak because of heavy drop in sales of its Lumia
handsets.
It is worth noticing that nowadays Nokia is struggling hard
to prove its stake in the smartphone market dominated mainly by Apple’s iPhone
and Samsung’s Galaxy range smartphones. Nokia has been a bellwether of
smartphone industry since 1998, but after reaching its global goal of 40
percent market share in 2008, the company started losing overall market share.
Domestic brands like Micromax, SICT, Lava etc. are cheaper
and therefore taking the limelight away from low-end handset segment. In
features-phone category, big brands like Apple and Samsung are dominating the
scene.
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