On a day when Nokia (NOK +0.4%) officially lost its title as the world's biggest phone maker,...

On a day when Nokia (NOK +0.4%) officially lost its title as the world's biggest phone maker, S&P adds insult to injury by joining Fitch in downgrading its debt to junk status, while adding another downgrade could arrive if business doesn't stabilize. Like many others, S&P is worried Nokia's Lumia Windows Phone sales won't offset plunging Symbian sales.
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Comments (8)
  • dweebster
    , contributor
    Comments (522) | Send Message
    What a mindless herd of wall-streeters. Bean-counters driving with the rear view mirror. From the folks who brought you CDO's complete with fake opinions. Criminals.


    "Wall street analysts announce negative outlook on Titanic after sinking destroys confidence in boat. Debt downgraded."


    Yes,Nokia is awash in bad numbers from a quarter that was going to be bad anyway, but it is not yet the Titanic. Symbian is nearly dead, so lets hope a few folks can still use the phones already manufactured or still in the pipeline. The symbian phones work fine, for phone calls - I know, my ancient N95 refuses to die no matter what I do to it. As for Asia - well I suspect it will take some time for Nokia gain traction with Lumia models of various sorts, and claim an appropriate market share for a quality phone you don't have to throw away in 1 year... . But I might be wrong, I don't have data on availability and sales in Asia.


    But there are a lot of unknowns out there, so I'm not quite ready to sell my shares. I support what Mr. Elop is doing, including the replacement of deadheads with younger people from MS or let's say from the real world.


    Ultimately, investors must keep in mind that it is up to the consumers, not Wall Street to decide the fate of Nokia.
    And there remain important missing facts, or facts to be determined . . . . .for example:
    The Lumia 900 has just been released. It has won awards. It is a fine looking phone, works great, is cheap. So, who has the week on week Nokia sales data for Lumia 900 US and what is the trajectory?
    Who is the magical person who can predict sales 6 months out, 1 year out, 2 years out of a new and exciting and cheaper smartphone such as Lumia and it's relatives?
    Again, with all respect to Apple and Steve Jobs, who really did change the world; does anyone know when the public and the telcos will weary of small phones with big prices or creaky operating systems that don't talk to the office? Is one model of phone enough for everyone? Is everyone in the world going to buy a phone because there is also a pad out there running on the same OS?
    The real enemy, as MS knows, is Android.
    Crystal ball anyone?
    27 Apr 2012, 02:41 PM Reply Like
  • Tom in Dallas
    , contributor
    Comments (133) | Send Message
    I knew I should have shorted the Titanic


    I agree. The future of Nokia lies in the new products and the Lumia 900 has great customer ratings on Amazon, Steve Woz had good comments about it, its recieved favorable reviews and the real kicker is they delayed their Europe launch because they took too many orders from the USA launch and had to rush more supply. That's a good problem to have, plus MSFT will support them. There are a few other catalysts.


    The potential problems that can happen are real, but I think managment is focused on making this work, and great sales cures alot of ills.
    28 Apr 2012, 02:45 PM Reply Like
  • CashRates
    , contributor
    Comments (25) | Send Message
    Somebody will emerge to unseat Apple eventually, it just won't be Nokia with that management crew in place.
    27 Apr 2012, 02:53 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
    They should have improved Symbian instead of destroying the heart and soul of the company by bending over for the boys in Redmond.


    It is sad to see Nokia die like this.
    27 Apr 2012, 03:06 PM Reply Like
  • mr wonder
    , contributor
    Comments (574) | Send Message
    Despite of all Wallstreets journalist and so called rating agencies, bashing Nokia over and over again, Nokia will not die. Why? Because Nokia is the mother of all phones. Nokia is in the memory and hearts of almost everyone age 17 or older. Those people are glad Nokia is getting back on its feet again and are willing to support it, so it can compete with its new rivals again.
    27 Apr 2012, 07:19 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
    ...and AOL is the mother of all Internet access.


    How is that going?
    28 Apr 2012, 02:06 PM Reply Like
  • Tom in Dallas
    , contributor
    Comments (133) | Send Message
    AOL opened Jan 1 at 15.10. Closed Friday at 25.20. Apparently, its doing better, but your point is well received. However, this company has a ton of bad news baked into the stock price already. Any series of small turn arounds and positive news will help lift it. I am sure in next quarter's report the market will want to here unit sales increases on the Lumia more than anything, and although they are minimal versus samsungs, apples and by OS; they have been selling beyond their low bar expectations; and that is a good start. Win 8, FB integration, Skype and XBox integration, and more positive reviews and customer stories should help as catalysts going forward. I am bullish on their turnaround opportunity. Apple was a dead stock and company too, but it seems ok now.
    28 Apr 2012, 02:52 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
    Apple had Steve Jobs. Nokia has Elop.
    28 Apr 2012, 03:26 PM Reply Like
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