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Telecom & Wireless

Nokia (NOK) Cries “Uncle” Who Will Take It Business?

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By Douglas A. McIntyre Updated Published
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MotNokia (NOK) made a number of odd statements today, the net effect of which was to drive the firm’s stock down 10%. For starters, it said its global market share in the third quarter would be below where it was in the second quarter. For some reason, it held to its prediction about market share being strong for the full-year 2008. If the company was wrong about the current quarter, why would it be right about what will happen next?

Beyond that, the world largest handset company, which has about 40% of the global market last quarter, said it still believes that overall demand for cell phones will grow modestly this year.

According to MarketWatch, "Nokia expects industry mobile device volumes in 2008 to grow 10% or more from the approximately 1.14 billion units it estimated for 2007."

The great mystery is who will pick up the market share that Nokia is losing? It is unlikely to be Motorola (MOT) which has been bleeding for almost two years. That leave the probable list of suspects at Sony Ericsson and Samsung.

Some one will do well in the cell phone industry this quarter but it is anyone’s guess who that will be.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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