Nokia to disappear in 2012?
Remember about a little over a year ago it was predicted that T-Mobile would disappear? Well the same group that predicted TMo's fate is now predicting that Nokia could close its doors in 2012.
24/7 Wall Street is predicting Nokia, along with other notables as Sony Ericsson, Sears, Saab and Kellogg's Corn Pops could disappear in 2012. Quoting from their reasoning behind predicting the demise of Nokia the articles states,
24/7 does recognize that Nokia is in the process of changing over to "Microsoft Window mobile OS" but doesn't see that as helping because "Window mobile" has a tiny share of the market. The most likely scenario is that Nokia will be purchased potentially by HTC, Samsung or LG Electronics. The possibility of Microsoft buying Nokia is also mentioned.
We're not sure how much stock to put into these predictions of fate. In 2011 the list of companies predicted to fail included Blockbuster, Zales, RadioShack, Reader's Digest, and Thrift Auto Rental. Last I checked, along with T-Mobile, all of these companies are still around. We see Nokia as a strong contender in the smartphone market and that their partnership with Microsoft and Windows Phone will be a positive for the company.
I guess only time will tell which prediction is right.
source: 24/7 Wall Street (opens in new tab) Thanks goes out to the Doctor for tipping us on this!
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The validity of these fools' ideas is incredibly low.
first, tmobile is still around, so they got that one wrong. and being bought out by another company (if that deal goes thru) doesn't equal the company being dead.
Some people just don't realize what Nokia is and where it came from. That company has been around for a long time, way longer than mobile phones have. There not some small hardware company who tried to play with the big guys and failed, they're the biggest guy. and while here in the US people don't give them any credit, everywhere else in the world, the Nokia brand is looked at differently.
This predicition is just as ridiculous as the one about windows phone surpassing android by 2015. even the prediction about a 20% share by 2015 is a big stretch.
analysts have to justify their existence, so they make stuff up, real news sources know this and don't mention it outside the finance section, I guess bloggers still have to learn
it's just like reporting a bear throwing a branch around because he fell off of it isn't really important to most of us, but nevertheless interesting to see
That article was published June 22, 2011. It's old, the writer doesn't even use the correct terms (he writes "the Microsoft Windows mobile OS" instead of saying Windows Phone), and the website doesn't exactly scream "Financial Times" if you know what I mean. I have not read a single reputable analyst make such an outrageous prediction that Nokia will die in 2012. It is flat out stupid to make such a prediction. Even if Nokia didn't go with Windows Phone, they wouldn't exactly "die" in 2012.