18-12-2012, 03:05 PM
PROJECT REPORT ON IS SAMSUNG SMARTER THAN NOKIA ?
1SAMSUNG.docx (Size: 114.83 KB / Downloads: 59)
Company profile
Nokia is a mobile manufacturing company which was one of the largest mobile manufactures some years back.Nokia was the world’s largest vendor of mobile phones from 1998 to 2012. However, over the past five years it has suffered declining market share as a result of the growing use of smartphones from other vendors, principally the Apple iPhone and devices running on Google's Android operating system. Currently the company is in very critical condition. As a result, its share price has fallen from a high of US$40 in 2007 to under US$3 in 2012.
Due to its continuous downfall and losses, Nokia has had a strategic partnership with Microsoft, as part of which all Nokia smartphones will incorporate Microsoft's Windows Phone operating system (replacing Symbian). Nokia unveiled its first Windows Phone handsets, the Lumia 710 and 800, in October 2011.Amid falling sales, Nokia posted a loss of 368 million euros for Q2 2011, while in Q2 2010 had still a profit of 227 million euros.