Nokia: Is This $3 Stock Running On Fumes?
By Mel Daris:It appears that Nokia (NOK) is facing a lot of competition in the market and it's coming from several different angles.Nokia is struggling to keep its head above water. Plain and simple. At this very moment, Samsung is in the lead, in terms of mobile phone sales. Samsung has successfully outsold Nokia and even Apple (AAPL) (which has lost its shine in the basic phone market) in emerging markets in the first quarter. There was a time when Nokia was easily the leader in this corner of the mobile phone market, but that time is long past.In India, for example, Nokia's sales decreased by half over the last three years. The company has also been criticized for not keeping up with the tastes of the middle class in India, a segment of the population which has been growing quickly.Samsung not only overtook Nokia as the top sellerComplete Story »