Symbian 3 Launch Delay Will Hurt Nokia’s Margins and Its Stock
Trefis submits:
Nokia (NOK), which competes with Apple (AAPL) and Research in Motion (RIMM) in the mobile phone market, stated in its recent earnings release that the Symbian 3 launch will be delayed by at least three months, pushing the release date to the third quarter of 2010. Nokia is trying to revive its declining mobile business by introducing new smartphones based on its Symbian 3 operating system. The company’s stock has declined from highs of nearly $40 in 2007 to about $12 today amid growing smartphone competition from Apple and RIM.Complete Story »
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