Is anyone surprised by Nokia's
The guidance cut has nothing to do with sales. According to researcher Gartner's estimates, Nokia still commands more than 10 times the global mobile phone market share of rival Apple
Unfortunately, all of the outsized profits in today's mobile world come from high-end offerings. Smartphones all offer their own differentiated environment, and they command premium selling prices for the experience. In this valuable space, Nokia has lacked its competitors' vision to create a seamless platform beloved by developers. Thus, mobile programmers have instead rushed to Google's
To hear Eric's full thoughts on Nokia, and whether the thesis for buying still holds up, watch the video below:
Fool contributor Eric Bleeker owns shares of no companies listed above. Nokia is a Motley Fool Inside Value selection. Google is a Motley Fool Rule Breakers pick. Apple is a Motley Fool Stock Advisor recommendation. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.